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Project report on automobile industry
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AUSTRALIAN CAR MANUFACTURING INDUSTRY The Australian car manufacturing segment is one of the prevalent contributors to the market sector of the Australian financial system. Comparative to the additional sectors that composite the Australian market segment, in 2012-13 the manufacturing sector provided the fifth prevalent share of value accumulated. The Australian car manufacturing segment had the second prevalent allocation of hours operated and the third leading employer. The Australian car manufacturing segment had the fourth leading share of venture, and the fifth prime allocation of net capital reserve (Barnes, P., Soames, L., Li, C. and Munoz, M. 2013). Threat of New Entrants Overseas automobile producer would have to countenance numerous impenetrabilities if they were to infiltrate Australia automobile manufacturing business. The intricacies can moreover be distinct as elevated obstacle to entrance. One of the intricacies that overseas automobile producer would have to countenance at some stage in the infiltration would be the elevated cost requisite in stipulations of empowering in manufacturing amenities and in addition emergent a well-mannered intensity of distribution system. An additional complicatedness that overseas automobile producer would have to countenance would be the accessible automobile manufacturing contenders in Australia. Existing automobile manufacturing contenders in Australia are colossal such as Toyota, Holden and Ford. Existing automobile manufacturer in Australia would facade intimidation to novel entrants since they by now achieve a superior hand in stipulations of economies of scale and possibility (Baker, M. and Hyvonen, M. 2011). Rivalry among Competitors In Australia, there are no automobi... ... middle of paper ... ...Chinese Automobile Sector, Reserve Bank of Australia Bulletin, March. Barnes, P., Soames, L., Li, C. and Munoz, M. 2013, Productivity in Manufacturing: Measurement and Interpretation, Staff Working Paper, Productivity Commission, Canberra. Bracks, S. 2008, Review of Australia’s Automotive Industry, Final Report, July, Canberra. Ciravegna, L., Romano, P. and Pilkington, A. 2013, ‘Outsourcing practices in automotive supply networks: An exploratory study of full service vehicle suppliers’, International Journal of Production Research, vol. 51, no. 8, pp. 2478–2490 Haugh, D., Mourougane, A. and Chatal, O. 2010, The Automobile Industry in and Beyond the Crisis, OECD Economics Department Working, Paper no. 745, January. Hawker, N.W. 2011, ‘Automotive aftermarkets: A case study in systems competition’, The Antitrust Bulletin, vol. 56, no. 1, pp. 57 – 79.
To properly illustrate externalities that may shift the supply and demand curve in the U.S. auto market over the next five years, it is necessary to look at the recent events having affected the U.S. auto industry during the recession and the strides U.S. auto makers have made to recover from near devast...
"Is the Auto Industry's Recovery a 'Success Story?'." Internet Wire 24 Nov. 2010. General OneFile. Web. 25 Nov. 2011.
The automobile industry is one that has constant vicissitudes. Burns Auto Corporation is not exempt from these unexpected changes or shifts in that industry. Many factors drive the automobile market fuel prices, the economy, and family sizes are just a few. This paper will take an in depth look at the current situation at Burns Auto; including the situation, problem definition, end state goals.
Canada’s automotive industry was officially declared in 1914. At this point in time, Canada did not have its own car companies. Instead Canada assembled and sold cars for the US who had established their own automotive industry just a few years before Canada. By the 1920s, the automotive industry in Canada had really hit its stride and was well on its way to success. It had grown so rapidly that Canada became the second largest producer of vehicles in the world. This success came about because Canadians were buying tens of thousands of cars. Canada wasn’t just making them for Canadian citizens, but for the world. At times, nearly fifty percent of Canada’s vehicle output was exported.
Taylor, E. (2008, February 28). Auto Makers Shift to Offset Effects of Soaring Euro. Wall Street
In the United States, modern car manufacturing has been historically dominated by the American companies including Ford Motor Co., Chrysler Group LLC, and General Motors Co. These three companies, known as the Detroit Three, controlled 95% of the market in the 1950’s and the dominance continued until the beginning of the 21st century. In the 1980’s Japanese auto manufacturers entered the United States, a decade later the Germans, and finally in 2000’s the Koreans. By the end of 2009, the Detroit Three only accounted for 45% of the total U.S. auto market. Another factor that had influence on this was constant fluctuations in gasoline prices and price sensitive consumers. According to the U.S. Department of Energy, gas prices hit record high averaging $3.07 per gallon in May 2007 and kept climbing up to $4.08 in July 2008. As gas prices kept increasing, consumer buying trends have been changing. In 2006 sales for SUVs, pickup trucks, and vans dropped 16%, while the market for compact cars rose by 3%. Unfortunately, the Detroit Three were not prepared for this since their...
In many cases outsourcing has proven to be beneficial for businesses. It can help a business’s management by allowing executives to focus on the core structure of the firm rather than every specific element. Production, manufacturing, or additional servic...
As the economic integration of Europe continues, it is likely that increasing international competition will affect firms in European industries. As other countries expand and have more trade worldwide, the more the European economy will be affected. The economy will tend to buy from outside of Europe due to taste and lower prices. There would be more firms to choose from decreasing Economies of scale are significant because motor vehicle manufacturing is an industry based on growth. Since the automotive industry being discussed is in Italy, it is based primarily around one company, Fiat. The majority of sales of automobiles in Italy are acquired by Fiat. The automotive industry constitutes a substantial part in the European economy because this industry makes up 10 percent of total manufacturing output.
The automotive industry is one of the most important sectors of the economy for every country in the world. It involves a large number of corporations and institutions engaged in the manufacturing process of motor vehicles including designing, developing, manufacturing, marketing, and selling. It contributes to the global economic growth by generating a significant return and creating a ripple effect on supporting the supply chain as well as providing job opportunities for the skilled workers (ACEA, 2016).
Rao, K., and Young, R. R. (1994) Global supply chains: Factors influencing outsourcing of logistics functions. International journal of physical distribution and logistics management. Vol. 24. No. 6.
Outsourcing labor and materials in a global market can significantly stretch the supply chain structure. This can have both positive and negative effects. Looking to different countries provides the opportunity to access different markets and find the lowest possible manufacturing costs. Many companies also embraced the Toyota Motor Corp. model of just-in-time inventory and other lean manufacturing techniques that emphasized speed and cost reduction (Bosman, 2006...
Spatz, J., & Nennenkamp, P. (2002, January). Globalization of the automotive industry-traditional locations under pressure. Retrieved January 14, 2012, from http://www.uni-kiel.de/ifw/pub/kap/2002/kap1093.pdf
Nevertheless, there remains a debate over the differences between productivity and performance, and how they are measured. Performance is comprised of seven dimensions, of which one is productivity, as well as effectiveness, efficiency, quality, profitability, quality of work, and innovation (Haynes, 2007). Productivity is defined as “the relationship between outputs and the inputs provided to create those ou...
Generally, a superior supply Chain is an important and unique source of competitive advantage. Its importance is especially illuminated in Multinational companies such as Toyota. Putting this into consideration, the question that now begs for an answer is whether Toyota’s supply chain is effectively serving the organization. Without a doubt, Toyota ha...
The automobile industry is a pillar of global economy. Globally automotive contributes roughly 3 % of all GDP output. It historically has contributed 3.0 – 3.5 % to the overall GDP in the US. The share is even higher in the emerging markets, with the rates in china and India at 7 % and rising. China produces the highest number of automobiles followed by US and Japan (oica.net, 2015). The industry supports direct employment of 9 million people to build 60 million vehicles and parts that go into them (oica.net, 2015). Many other industries such as steel, iron, glass, aluminium, textiles etc. are associated with the automotive industry and resulting in more than 50 million jobs owed to the auto