Ad
related to: current challenges in automotive industry- Contact Us
Learn more about S&P Mobility
Talk to our representatives
- Technology
Access cutting- edge technology
Technology thought leadership
- Contact Us
Search results
Results from the WOW.Com Content Network
The chip shortage is expected to cost the global automotive industry US$210 billion in revenue in 2021. [ 51 ] [ 52 ] [ needs update ] Despite lower sales, some manufacturers increased profits over 2020, as Toyota and General Motors, for example, saw record profits for 2021, due to resilient demand and decreased financial incentives offered to ...
A central concern for the automakers is the cost of labor relative to domestic and foreign non-union competitors, particularly as the industry transitions to electric vehicle manufacturing. [5] The automakers have stated that they anticipate the need to invest a significant portion of their profits from gasoline-powered vehicles into new ...
However, the American auto industry reflected the post-war prosperity of the late-1940s and the 1950s. Cars grew in overall size, as well as engine size during the 1950s. The Overhead valve V-8 engine developed by GM in the late-1940s proved to be very successful and helped ignite the horsepower race, the second salvo of which was Chrysler's ...
A combination of several years of declining automobile sales and scarce availability of credit led to a more widespread crisis in the United States auto industry in the years of 2008 and 2009. Following dramatic drops in automobile sales throughout 2008, two of the " Big Three " U.S. automakers – General Motors (GM), and Chrysler ...
An automotive assembly line at Opel Manufacturing Poland in 2015 SEAT, Škoda, and Volkswagen cars being transported by train in Kutná Hora, Czech Republic in 2014. The automotive industry comprises a wide range of companies and organizations involved in the design, development, manufacturing, marketing, selling, repairing, and modification of motor vehicles.
The 2008–2010 automotive industry crisis formed part of the 2007–2008 financial crisis and the resulting Great Recession. The crisis affected European and Asian automobile manufacturers, but it was primarily felt in the American automobile manufacturing industry .
Both workers are involved with the United Auto Workers (UAW)'s current organizing campaign. [303] [304] In 2018, The Center for Investigative Reporting's Reveal published an investigation concluding that Tesla under-counted worker injuries to make its safety record appear better. It included findings such as the factory floor not having clearly ...
A predecessor organization, the Automobile Importers of America (AIA), was formed in 1965 [1] to provide member companies information on changes to U.S. state and federal automotive industry regulations. The AIA evolved into the primary advocacy resource for many major vehicle importers in the 1970s, opposing trade restrictions and other ...
Ad
related to: current challenges in automotive industry