A Comprehensive Review of Economic Indicators and the Auto Industry

The goal of this paper is to provide a comprehensive discussion of six economic indicants and their impact on the railcarmobile intentness. The indicators to be reviewed ar personal income, unemploy workforcet, retail sales, machine sales, the inflation rate, and pure(a) Domestic Product. A brief history of the auto intentness, an industry overview, and a SWOTT synopsis leave behind be presented. In addition, distributively indicator depart be defined along with the occurrent status of apiece. Forecasts of individually indicator will also be given. Lastly, strategic initiatives will be afforded based on how the forecasts will impact the auto industry. Industry Overview History Around the world, more than 100 years ago, legion(predicate) men were working on motorized vehicles, unbeknownst to to each one new(prenominal). When Nikolous Otto patented the four-stroke gasoline engine in 1876, the automotive industry began. This type of engine is still used today. The United States industry, which began in 1896, gave the automobile a Midwestern American flavor (Wright, 1996). The majority of men building cars in that era were from rural backgrounds including nuclear number 1 crosswalk, Ransom Olds, and David Dunbar Buick (Wright, 1996). While the first return car create in the United States was produced in Massachusetts, the men creating it were from Illinois (Wright, 1996).

The world has changed drastically since that time as the automobile has allowed us to go where we necessity when we want. Not only has the automobile expand our geographic boundaries, it has cre ated industries where at that place were no! ne such as auto parts, gasoline, fast-food restaurants, drive-in movies, and thus far drive-in funeral homes (Wright, 1996). railroad car Industry Overview Today, people purchase cars to define who they are. there is an ruttish relationship with our vehicles that we do not have with every other type of machinery and the three surviving American auto companies, Ford Motor... If you want to get a full essay, consecrate it on our website: BestEssayCheap.com

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