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Impact of the Automobile industry in the economy and labor
The automotive industry is an important contribution to the economies of all major producing countries worldwide. It not only provides numerous employment opportunities, but also the economic impact. The global automotive industry is very diverse and consists of various product segments, such as engine parts, Drive transmission and steering parts, suspension and brake parts, electrical parts and other auto parts.
Automotive industry covers a wide range of vehicles including luxury cars, cars, special vehicles, motorcycles, scooters, mopeds, and off-road vehicle manufacturers and dealers of auto parts and accessories, car care products, environmentally and safety equipment, garage and service equipment, molds and dyes, oils and lubricants, fuel dispensers, tires, batteries and electric cars, upholstery and much more.
The car has allowed people to travel and transport goods farther and faster and has opened wider market areas for business and commerce. The automotive industry has also reduced the total cost of transportation by using methods such as making different products at once, instead of one at a time, selling products nationally rather than locally and the globalization of production. In the early days of its establishment, this invention had many problems. There was no real established business and the production processes were slow. With car manufacturers and car buyers' base expand globally, the car was making the world's largest manufacturing activity. Now the industry is making approximately 58 million new vehicles per year worldwide. The various mobility that the automotive industry may distance people to interact with each other, trade increased. The transport of goods to consumers and consumers to ensure a good has become an industry in itself. But the car has problems, such as air pollution, greenhouse gas emissions that contribute to global warming, traffic, and highway deaths.
Yet the auto industry remains a major source employment and transportation for millions of people worldwide.
The automotive industry directly affect the economy of the United States and other countries around the world. In a typical year, the U.S. auto industry generates between 12 and 14 percent of manufacturers' shipments of durable goods. Car production consumes large quantities of iron, steel, aluminum and natural rubber. An interesting fact is that more copper, glass, zinc, leather, plastic, lead and platinum level than any other U.S. industry. Manufacturers of car parts are another large part of the U.S. auto industry, consisting of approximately 5,000 companies, including Japanese, European and Canadian companies. These companies deliver the original to manufacture and the replacement parts market for servicing and repairs. According to some estimates, for every job created in the automotive assembly industry, three to four jobs are created in the auto parts industry. Many other industries, the automotive industry. These include insurance, security, petroleum, and roadway design and construction industries. Other industries such as motels, drive-in theaters, fast food restaurants, owe their existence to the mobility by car. We hope that a bright future for the automotive industry.