Auto Industry
Introduction
The evolution of the automotive industry has been influenced by various innovations in fuels, vehicle components, societal infrastructure, and manufacturing practices, as well as changes in markets, suppliers and business structures. Currently, the major competitors within the industry are Ford, DaimlerChrylser, General Motors GM, Honda, Toyota, and Nissan The best known early automotive manufacturing pioneer was Henry Ford, who built his first car in 1896 and founded the Ford Motor company in 1903. Ford became famous for pricing Model T's competitively and perfecting the automotive industry assembly line production which revolutionized the automotive manufacturing industry and mainstreamed ownership in the United States. During this period there were originally 500 auto manufacturers. By 1908, there were only 200; and in 1917 only 23 remained. This vast reduction was due to large amounts of consolidation within the industry.
Going forward the......
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Approximate Word Count: 1954
Approximate Pages: 8 (250 words per double-spaced page)
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