What Does the Automotive Industry Do?
What does the automotive industry do? The automotive industry includes a wide array of organizations and businesses involved primarily in the designing, production, marketing, and sale of automobiles. It is among the world’s largest automotive industries by annual revenue. It is also a trillion dollar industry. It is responsible for the sale of more than thirteen million vehicles annually. In addition, it is responsible for the manufacture of millions of parts and components, which are used in the assembling of vehicle models.
The automotive industry produces approximately thirteen million cars, including trucks and light trucks. Of those vehicles, nine million cars are sold annually. The light trucks, which comprise half of the car fleet, account for another five million cars. The light trucks and cars combined make up nearly fifty percent of the industry’s annual sales.
The automotive industry produces more passenger vehicles than any other sector. In addition, it is responsible for approximately seventy percent of the world’s light truck sales. The auto industry also is responsible for millions of jobs, which are indirectly created by the automotive industry. In addition to the direct employment created by the auto industry, indirect employment such as maintenance workers and support staff, create millions more jobs in North America, Europe, Asia, and South America.
Where does the automotive industry come into play? The automobile industry is primarily located in the United States. Some of the major automobile producers and distributors are Toyota, Honda, General Motors, Fiat, Nissan, Renault, and Volkswagen. Toyota is considered to be the world’s number one automobile producer and distributor. The company produces the majority of passenger automobiles in the world.
Why is the North American economy dependent on the auto industry? The North American automotive industry supports thousands of jobs directly associated with the assembly line workers who build passenger automobiles in assembly plants located across the country. Additionally, the auto industry indirectly supports many other jobs in the North American national economy such as tourism, tax collections, real estate development, infrastructure development, and research and development. Without the auto industry in North America, the North American economy as a whole would not be nearly as robust as it is today.
How does the automotive industry affect the rest of society? Passenger automobiles carry a significant amount of air pollution in our nation’s airways. Many car owners and drivers are unaware of the health risks associated with driving a motor vehicle that is of a modern design. Over time, the effects of these emissions build up and result in thousands of premature deaths every year. Fortunately, the North American automobile industry is responsible for preventing most of these premature deaths through a process called product recalls and air quality certifications.
How does the North American automotive industry structure the way they produce motor vehicles? The North American automotive industry produces three major types of vehicles: passenger automobiles, trucks, and SUVs. Each of these categories has their own unique design and manufacturing process. In addition, the North American automotive industry is required by law to test the quality of their products before they are sold. This is what helps to ensure that vehicles sold in this country are safe. Product recalls are also another important tool that the automotive industry uses to help maintain the safety of their motor vehicles and contribute to the betterment of our nation’s health and environmental conditions.
Did you know that China is the United States’ largest automobile manufacturer? Did you know that the United States produces more vehicles than China? Did you know that China is now the main source of oil for the United States? By reading this important and enlightening main article, you can learn a lot about how the Chinese automotive industry operates, who manufactures the vehicles in the United States, and how much the Chinese automobile industry contributes to the United States economy.