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Started in 1984, the first wave of investment in the automobile industry in China includes the establishment of Beijing Jeep and Shanghai Volkswagen (Wu, 2006). Six years later, the second wave started when FAW-Volkswagen, Guangzhou Peugeot, and Dongfeng- Citroën was manufactured and publicly introduced in Chinese market (Wu, 2006). Sometime in late 1990s, the third wave happened when GM, Toyota Motor, and Ford secured their respective car assembly deals at Shanghai GM, Tianjin Toyota Motor, and Chang’an-Ford respectively (Wu, 2006).
Other than the foreign-owned automobile manufacturing companies that entered the Chinese market between the years 1980s to 1990s, the fourth wave of investment can be noted when local automobile manufacturing companies like Geely Group, Brilliance China, and Shanghai Cherry started selling cars back in 2001 (Wu, 2006).
The continuous development and transfer of foreign automobile technology together with the huge demand for new cars contributes a lot to the success of Chinese automobile industry. In 2009, the total number of cars, trucks and other vehicles sold in China was 13.6 million which accounts for 46% increase from the previous year’s total vehicles sold (Lewis, 2010). In fact, China’s Automobile Industry was the 2nd largest Industry back in 2008. (Table I – China’s Top Ten Industries)
The main objective of this study is to gather existing and most current literature regarding the degree of competition in China’s automobile industry. Aside from determining the theoretical approaches that can be use in examining the degree of competitiveness in China’s automobile industry, the gathered literature will provide the readers with useful information regarding significant issues that has been discussed about the advancement of its existing automobile technology including the legal, economic, social, and political factors that could affect the Chinese’s
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US Automobile Industry Analysis
This report analyzes the automobile industry in general, and considers a specific case of Honda Motor Company. The automobile industry, according to a 2007 census, consists of 174 companies, which employ 64,436 people (US Census Bureau, 1).
Overview of Automobile Industry
In this age of globalization, varied types of innovative technologies and features are introduced within the vehicles. As a result, the industry of automobiles became more competitive resulting in amplification of the total sale and profit margin of the organizations operating successfully in this segment.
The move of Better Place was considered to develop environmentally friendly engines and the use of the renewable energy sources. Developing such technologies required well-coordinated stakeholders including the developers, consumers, and efficient management.
Since travelling by motor vehicles was uncommon in those days, Lawson faced a lot of problems initially. With a lot of convincing, Lawson managed to get an official sanction from the British Government to ply motor vehicles on the streets.
From then, the era of the motor vehicle development commenced, with most of the cycle manufacturing houses opting to shut their cycle production and venture into this newfound business.
In the end, the entry of China into the WTO was considered a positive thing by most, although there are certainly those with contradictory opinions. The efficacious qualities that China gained by entry into the WTO; an aid to the economy, and the opening up of China's markets for more international trade and investment (to name a few).
Toyota's Prius hybrid car gained immense popularity. Toyota has planned to produce 48,000 hybrid Camrys yearly. The demand for Toyota's Lexus RX400h hybrid crossover is also gaining momentum. Many companies are trying their expertise in making a mark in the emerging hybrid car market in the coming years.
Two major factors, that precondition the economic development of China’s auto industry are identified in the essay. These are institutional reforms and globalization of production. In 1980s China began reforms to shift economic decision making powers from government to local authorities. Another factor was sharing of production across the world.
he help of methodology used in this paper, we would be able to find out number of factors influencing the growth of the car industry and would also help to identify if the automobiles consume two thirds of the gasoline worn in the US. Methodology used in this paper involves two
The Spanish-Indians were treated as slaves during the time. They were subjected to hard labor by encomenderos, which made their conditions deplorable. In fact, it was only the priests who could be allowed to speak for the rest (Brands
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