External link to Planes, Trains, and Automobiles

Planes, Trains, and Automobiles

Planes, Trains, and Automobiles. From the invention of the steam engine to growing industrial cities. Industrialization started in the mid-1700 and continues through today. Industrialization was a major significant change in shaping the world as we know it. When you think about the various products we have today that are made in factories all around the world from cars to furniture it’s hard to believe […]

External link to Economic Factors Affecting Automobile Sector

Economic Factors Affecting Automobile Sector

Excess Capacity. According to SCM Worldwide, an automotive research firm, in 2004 the estimated automotive industry global production capacity for light vehicles (about 74 million units) significantly exceeded global production of cars and trucks (about 60 million units). In North America and Europe, the two regions where the majority of revenue and profits are earned in the industry, excess capacity was an estimated 17% and […]

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