Automobile Industry Essay

3109 words - 13 pages

The automobile industry is a giant, serving both public and private sectors of the economy and consuming enumerable amounts of goods used in production, accounting for numerous additional jobs. The complexity of the industry has grown over the years along with the complexity of the products it produces. New means of advertising and other market strategies further complicate this already hugely intricate industry. On top of this, the industry continues to evolve on an almost yearly basis with the introduction of new “essential standard features” that one would not have even considered putting in a car five years earlier.
Despite it’s relatively recent rapid growth in the past 100 ...view middle of the document...

Siegfried Marcus is the Austrian engineer that is noted for this accomplishment. There were many improvements and changes made to the gasoline engine over the years to make it safe, cheap, small, light and powerful enough to be widely put in cars. Such improvements include the development of the four-stroke engine or “Otto Cycle,” changing the type of gas used, using different materials to produce the engines, developing multiple cylinder systems, and later putting those pistons in a V alignment. By the early 1900’s gasoline powered cars began to outsell the previous leader, the electric car.1 And with that the industry began to take shape.
You can’t talk about automotive history without mentioning Henry Ford. Ford incorporated the Ford Motor Company in 1903. His invention and utilization of the assembly line was critical in achieving his goal of “build[ing] a car for the great multitude.” A careful coordination of labor efforts and the dividing of tasks along with the assembly line helped Ford bring the production time of a car from 728 minute, down to 93, drastically reducing production caosts.6 Ford achieved his goal with 19 years of manufacturing the Model T that produced 15,007,033 units with the price ranging over the years from $950 at the start, to as low as $290 in 1924.1 Henry Ford also played a key role in lowering the price of all U.S. produced cars in 1911 when he had the George Selden’s patent for the “road engine,” which he never actually built, overturned by the courts. Prior to this all American car manufactures where forced to pay Selden royalties. The patent was overturned on the grounds that the automobile, that the court had ordered built according to the plans in Selden’s patent, was a failure.6
Other important figures in automobile history include; Karl Benz (the holder of the first patent for a gas-fueled car), Gottllied Daimler (designer of the first four-wheeled automobile), Charles and Frank Duryea (founders of the Duryea Motor Wagon Company, the first company to manufacture and sell gasoline powered vehicles-1896,) Ransom Olds (opened the first automobile factory in Detroit in 1901,) William C. Durant (founder of General Motors, a combination of Buick Cadillac, and Oldsmobile,) and many more.2
In 1902 at least 50 new firms began manufacturing cars in the U.S., but it wasn’t till 1904 that the U.S. surpassed France in the production of automobiles becoming the worlds largest producer. This was a milestone in the history of the American automobile industry that sparked the establishment of more than 240 firms between 1904 and 1908 to manufacture automobiles in the U.S. With all these automobiles being produced and driven it became glaringly apparent that fuel would need to be readily available to car owners if the success was to continue. Sylvanus F. Bowser remedied this problem with the invention of a workable pump for gasoline; he even opened his own “filling station.”1
By 1910 there were...

Other Papers Like Automobile Industry

Googlecase Essay

1391 words - 6 pages Automobile Industry The auto manufacturing industry is considered to be highly capital and labor intensive. The major costs for producing and selling automobiles include: * Labor - While machines and robots are playing a greater role in manufacturing vehicles, there are still substantial labor costs in designing and engineering automobiles. * Advertising – Each year automakers spend billions on print and broadcast advertising

Cars Essay

1791 words - 8 pages times, his two sons participated in the management of the company as well. In 1890, Émile Levassor and Armand Peugeot of France began producing vehicles with Daimler engines, and so laid the foundation of the automobile industry in France. The first design for an American automobile with a gasoline internal combustion engine was made in 1877 by George Selden of Rochester, New York. Selden applied for a patent for an automobile in 1879, but the

Sex Slaves

744 words - 3 pages Background- The industry makes over 50 million cars a year and employees millions of people. The industry consumes nearly 50% of the world’s rubber, 25% of its glass and 15% of the steel. The automobile industry helps fuel the economy. It also responsible for half of the worlds oil consumption. As new companies entered the market, they adopted the assembly line. Companies like Toyota began to tweak the mass production that Ford had started

Biblo

395 words - 2 pages Synopsis Born on July 30, 1863, near Dearborn, Michigan, Henry Ford created the Ford Model T car in 1908 and went on to develop the assembly line mode of production, which revolutionized the industry. As a result, Ford sold millions of cars and became a world-famous company head. The company lost its market dominance but had a lasting impact on other technological development and U.S. infrastructure. Early Life Famed automobile

Gcu Wow

334 words - 2 pages Identify and describe 3 or more distinct market segments within a specific industry, such as aerospace or automobile manufacturing. What differences are apparent? Why would this matter to a marketer? There are many approaches the automobile manufacturing companys take to consideration. I picked this because I am looking at buying a new car and while making small talk with the saleman I asked him this question. I got a lot of usefull information

Case Study

311 words - 2 pages regulations Scale | Panther | Soyus | Desired | Profits | 06 | 06 | 08/09 | ROI | 07 | 09 | 09 | Transparency | 06 | 06 | 08/09 | 2. Prepare a vision statement & a Mission statement for Panther & Soyus respectively. Panther Company Ltd. Vision –Become pioneers in automobile industry Mission- provides high quality products and trust worthy after sale service in order to retain and attract customers. Soyus Company Ltd. To be

Urban Sprawl And Motorisation

647 words - 3 pages , threatening issue of our planet. On the one side, for the part of the society who could afford their private means of transportation, accommodation and living expenses, urban sprawl is the enjoyable and desirable method of life, called as “American dream” after World War II (), in which every communication is heavily reliant on automobiles. According to George Martin, The US was the biggest automobile industry in the world accounting for 76 percent of

Bs Assignment

1682 words - 7 pages Industry profile Automobile industry is the industry that selling and producing self-powered vehicles, motorcycles, trucks, commecial car, farm equipment, and passenger cars. The first industry build up from 1860, this industry are developed by Jean Joseph Etienne, he is the first practical internal-combustion engine. In 1890, U.S start introducing cars with interchangeable machine-produced parts. Henry Ford began to mass produce cars using

Oct 14th Document

465 words - 2 pages future? 4. Would you describe Tata Motors international strategy as a global, transnational, or multidomestic strategy? Explain your answer. 5. What are the driving forces in the global motor vehicle industry? 6. How strong are the competitive forces confronting automobile manufacturers? Do a five-forces analysis to support your answer. 7. What is the financial condition of Tata Motors as indicated from case Exhibits 3 and 4? What is its

Car Effiencey

2640 words - 11 pages taking effect for the 2017 model year, into law this summer” (Anon, 2012). These standards will not only help move the U.S back into the global automobile leaders, but also the new rules will “generate $300 billion in extra revenue to the U.S. auto industry, not to mention lining consumers' pocketbooks with an estimated $200 billion in fuel savings” (Anon, 2012). Moving to environmentally safe vehicles will worth it. The global impact of a car’s

Engineering Economics

608 words - 3 pages Based on analysis the operating and competitive characteristics of the balance sheets and some key financial ratios of five different industries, we can make a conclusion that A is the electric utility, B is the discount general merchandise retailer, C is the upscale apparel retailer, D is the Japanese automobile manufacturer, and E indicates the automated test equipment/systems company. According to the column A, the data indicates a highest

Related Essays

Market Model Pattern Of Change Essay

1718 words - 7 pages Market Model Pattern of Change: Automobile Industry Presented By Name Institution Instructor Course Title Date of Submission Abstract Automobile industry is one of the oligopolistic industries that have experienced a change in its oligopoly market model. The pattern of change is evidently shown in its production, supply chain, pricing, and international trade changes. The paper examines this industry and explains the

Skoda Analysis

919 words - 4 pages . Bargaining Power of Suppliers With a movement toward just-in-time inventory systems worldwide in the automobile manufacturing industry, there has been greater pressure upon suppliers to move their plants to locations contiguous to the automobile plants they are supplying. Some automobile companies have also begun supplying their own parts and thereby eliminating many of the suppliers they formerly used. Therefore, the bargaining power of suppliers has

Model A Vs Model T Essay

1661 words - 7 pages the automobile industry. The Model A was a great improvement and influence to car history and the advancements we have today in our society. The Model T was a great automobile introduction to the United States, a mass produced car with lots of new interesting specs. The Model T had many new features to a car that many Americans had not seen in automobiles. For example the Model T had a four cylinder, with detachable cylinder heads for easy

Technology Essay

281 words - 2 pages the people's travel speed, also sped up the pace of people's lives. Automobile industry leads to huge tax and foreign exchange for the country at the same time also has become an important part of national income。for example: the U.S. auto industry output value amounted to more than $5000 billion in 200; German, French, British and Italian auto industry total output value of about $5000 billion. while car industry is creating great values it