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May 2011 brought Volkswagen’s manufacturing plant to America. In addition to manufacturing plants, several manufacturers have opened transmission and engine plants that are working in research and development, design, and testing in the United States. The whole automotive industry and dealership amounts to nearly 3.5 percent Gross Domestic Products (GDP) of the United States. By the end of 2012, auto manufacturers and related industries directly employed 786,000 people (SelectUSA). In addition to manufacturers, there is an extensive network of auto parts suppliers who produced $225.2 billion (4 percent of U.S. manufacturing) in shipments during 2012. According to the study conducted by Motor & Equipment Manufacturers Association and Information Handling Services, overall automobile industry’s direct employment generation was 3.62 million while indirect influence was the creation of jobs and economic wellbeing in comparison to any other sector (SelectUSA). This research paper examines U.S. automobile industry, its history and development, and finds that it the backbone of manufacturing industry, therefore, plays a vital role in strengthening American economy.
During 1900 and 1930, Detroit experienced record growth in comparison to any other city in the United States. The reason behind this unparalleled growth was concentration of auto industry around Detroit, which became the largest industry in the U.S. by 1929(Davis ix). The number of auto firms grew in a gradual manner from 1895 to 1907, reaching at its peak at 82 in 1907. For the next three years, the number of entrants remained high, but after that it dropped sharply. With an average number of 15 firms every year from 1911 to 1922, it fell to only 15 firms from 1923 to 1966. After a few early years, the auto industry’s exit rate was more than 10 percent; moreover, by the year 1910, the number of exit was more than the number of entries. Excluding the two year period from
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This paper critically presents a critical discussion concerning the United States 2000 trade agreement with China and the damage it has caused to the United States from a broad point of view. The United States and China trade agreement was reached back in 1999.
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The US automobile segment is a huge industry producing durable consumer goods and using a nationally oriented advertising strategy to market its product. Considering all the intermediate products used in auto construction and distribution (rubber, machine tools, trucking, etc.), the total impact of the automobile industry goes far beyond the direct impact.
The wealthiest creditors had strong connections with the state and the courts, thus, the local official had the power to auction the properties of small peasants and put them behind the bars if they fail to meet
However, in this context the main stress will be laid upon the scenario observed in the United States with regard to the collective bargaining policies. The main objective would be to analyze the previous and the current trends of collective bargaining policies that the
2 Pages(500 words)Research Paper
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