Environmental Challenges Faced By The American Auto Industry

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Environmental Challenges Faced by the American Auto Industry

The existence of the automobiles began in France by creating a three-wheeler which was powered by steam and also an internal combustion engine powered by gasoline was also created in Belgian, Germany (Gale, 2003). Afterwards many countries like the United States of America has also been involved in the development and creation of automobile parts which in essence has help the growth of the automotive industry grow bigger and bigger. The existence of automobiles has brought many numerous advantages to humanity increasing the standard of living of people and also speeding the effectiveness and the efficiency in other sectors involve in the production of goods and services. In the United …show more content…

In the United States the automotive industry has suffered massively due to their global completion when foreign brand began entering the market which threatens the profit earn by the car manufacturing companies in the United States of America. In the year 2007 one of the most advantageous cars manufacturing firm referred to as GM (General Motors) experience a drainage of its market share from 28.2% in 2000 to a lower rate of 17.6% in 2014. The case wasn’t different to other two big brands in the car manufacturing industry that also lost their market share, Ford also fell from 24.1% to 14.7% and also Fiat-owned Chrysler also fell from 15.7% to …show more content…

The case is not different in the automotive industry which has experience a tremendous changes by the penetration of the internet in this sector of business. In the 21st Century and most especially in the United States, the purchasing power of consumers relies on thorough reviews read online about a product to compare prices and quality of a product before buying. With the existence of online e-commerce sites, cars are been ordered online and as a result the United States automotive industry is sharing it markets with foreign counterparts who has an effective mechanism in marketing their products online and as a result has reduce the sales of American cars and also various car parts are bought overseas living the local market bare handed and less sales to cover as a resulting of technological improvement with the effective and innovative internet

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