| The auto industry is a major contributor towards the | | | | The transportation of goods to consumers and |
| economy of the all the major manufacturing countries | | | | consumers to goods has become an industry in itself. |
| worldwide. It not only provides countless job | | | | The automobile however has also brought related |
| opportunities but also has the economic impact. The | | | | problems, such as air pollution, the emission of |
| global automotive industry is highly diverse and | | | | greenhouse gases that contribute to global warming, |
| comprises of various product segments like engine | | | | congested traffic, and highway fatalities. |
| parts, drive transmission and steering parts, | | | | Nevertheless, the automobile industry continues to be |
| suspension & braking parts, electrical parts and | | | | an important source of employment and |
| other auto components. | | | | transportation for millions of people worldwide. |
| Autos industry covers a vast array of vehicles like | | | | The automobile industry directly influences the |
| luxury cars, passenger cars, specialist vehicles, | | | | economies of the United States and other countries |
| motorcycles, scooters, mopeds, and off-road vehicles | | | | around the world. In a typical year, the U.S. |
| manufacturers & dealers of automobile | | | | automobile industry generates between 12 and 14 |
| components and accessories, car-care products, | | | | percent of manufacturers' shipments of durable |
| environment and safety equipment, garage and | | | | goods. The automobile production consumes large |
| service equipment, molds and dyes, oils & | | | | amounts of iron, steel, aluminum, and natural rubber. |
| lubricants, petrol vending machines, tires, batteries | | | | An interesting fact is that it also consumes more |
| and auto electrical, upholstery and much more. | | | | copper, glass, zinc, leather, plastic, lead, and platinum |
| The automobile has enabled people to travel and | | | | than any other U.S. industry. Automotive parts |
| transport goods farther and faster and has opened | | | | manufacturers form another large section of the |
| wider market areas for business and commerce. The | | | | USA auto industry, comprising about 5,000 firms, |
| auto industry has also reduced the overall cost of | | | | including Japanese, European, and Canadian |
| transportation by utilizing methods such as making | | | | companies. These firms supply the original for |
| several products at once, rather than one at a time, | | | | manufacture and the replacement parts market for |
| selling products nationally rather than locally and | | | | maintenance and repair. By some estimates, for |
| globalization of production. In the early days of its | | | | every job created in the automobile assembly |
| inception, this invention had to face many problems. | | | | industry, three to four jobs are created in the |
| There was no real established industry and the | | | | automotive parts industry. Numerous other industries |
| manufacturing processes involved were slow. With | | | | support the automobile industry. These include the |
| the automakers and auto buyers' base expanding | | | | insurance, security, petroleum, and roadway design |
| globally, auto making became the world's largest | | | | and construction industries. Still other industries, such |
| manufacturing activity. Now this industry is making | | | | as motels, drive-in theaters, and fast-food |
| approximately 58 million new vehicles each year all | | | | restaurants, owe their existence to the mobility |
| across the globe. The diverse mobility offered by the | | | | provided by the automobile. We hope there will be a |
| automotive industry allowed remote populations to | | | | bright future for the automobile industry. |
| interact with one another, which increased commerce. | | | | |