Thursday, November 21, 2019
The Trends in Auto Industry Assignment Example | Topics and Well Written Essays - 3500 words
The Trends in Auto Industry - Assignment Example The total number of cars and commercial vehicles produced in Japan in 2006 was 11,484,233. The same number was 1,508,358 for Russia, 11,263,986 for USA, 5,819,614 for Germany,Ã 7,188,708 for China and 2,572,292 for Canada (Ã¢â¬Å"OICA >> Production StatisticsÃ¢â¬ ).The year 2008 will see a rise in the demand for eco-friendly cars especially in the USA which is the leading pollution causing the nation of the world. The infrastructure for supporting hydrogen car is being developed. Car companies like Toyota and Honda are aiming the hybrid markets. Honda has decided to lease more cars to individuals to get feedback for the future. In the year 1916 in Munich, Germany. In 1928 BMW acquired Eisenach vehicle factory and launched its first motorcar. The first car was an Austin Seven built under license(Ã¢â¬Å"Welcome to BMW Company FactsÃ¢â¬ ). BMW is also the worldÃ¢â¬â¢s largest manufacturer of luxury cars. The brands owned by BMW are BMW, MINI and Rolls-Royce. The BMW sales of un its in 2006 were 1,179,317 for BMW, 186,674 for MINI and 847 for Rolls-Royce. Its biggest buyers are European Union with 37% and the United States with a 22.8% share (Ã¢â¬Å"Welcome to BMW Company FactsÃ¢â¬ ).