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Essay / Research Paper Abstract
This paper examines the automotive industry and international status. Examined in the essay include the top multinational automotive manufacturers, trends and what the future will be for this industry. Bibliography lists 6 sources.
Page Count:
6 pages (~225 words per page)
File: D0_MTgloaut.rtf
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Unformatted sample text from the term paper:
the average person relying on horses to get around their neighborhoods. The truth today is that automakers are producing millions of cars per year and many have found a market
for these cars. However, economic downturns, plus demands from consumers for more features on cars at a lower price are taking their impact on the worlds auto manufacturers. The next
10 years, according to experts, will likely see a shakeout that will leave behind six top auto manufacturers, with the remainder either going out of business or merging with the
larger companies. Top automakers This next section will examine statistics from some of the worlds top automakers.
Toyota, based in Toyota City, Japan, is #4 in the world in sales behind General Motors, Ford and DaimlerChrysler (Hoovers (c), 2002). The company operates 56
manufacturing facilities in 25 countries throughout the world (Hoovers (c), 2002). Employees numbered 215,648 during 2001, with sales averaging $106.3 million (Hoovers (c), 2002).
DaimlerChrysler, the merger between two industry giants Chrysler Motor Corporation in the United States and DaimlerBenz in Germany has become even larger than ever. The company today is
based in Germany and is the worlds largest carmaker in sales (Hoovers (a), 2002). Sales for the year ending 200 were $152.4 million, with the company employing 416,501 people worldwide
(Hoovers (b), 2002). However, the company is having its problems - there has been a struggle with integration issues, clashing cultures and the German segments tendency to overdominate the Chrysler
cars in Europe (Hoovers (a), 2002). In an attempt to increase its presence in Asia, DaimlerChrysler has a 10 percent stake in South Koreas Hyundai Motor, and a 37 percent
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