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The automotive industry designs, develops, manufactures, markets, and sells the world's motor vehicles. In 2008, more than 70 million motor vehicles, including cars and commercial vehicles were produced worldwide.[1] In 2007, a total of 79.9 million new automobiles were sold worldwide 22.9 million in Europe, 21.4 million in Asia-Pacific, 19.4 million in USA and Canada, 4.4 million in Latin America, 2.4 million in the Middle East and 1.4 million in Africa.[2] The markets in North America and Japan were stagnant, while those in South America and other parts of Asia grew strongly. Of the major markets, China, Russia, Brazil and India saw the most rapid growth. About 250 million vehicles are in use in the United States. Around the world, there were about 806 million cars and light trucks on the road in 2007; they burn over 260 billion gallons of gasoline and diesel fuel yearly. The numbers are increasing rapidly, especially in China.[3] In the opinion of some, urban transport systems based around the car have proved unsustainable, consuming excessive energy, affecting the health of populations, and delivering a declining level of service despite increasing investments. Many of these negative impacts fall disproportionately on those social groups who are also least likely to own and drive cars.[4][5][6] The sustainable transport movement focuses on solutions to these problems. In 2008, with rapidly rising oil prices, industries such as the automotive industry, are experiencing a combination of pricing pressures from raw material costs and changes in consumer buying habits. The industry is also facing increasing external competition from the public transport sector, as consumers re-evaluate their private vehicle usage.[7] Roughly half of the US's fifty-one light vehicle plants are projected to permanently close in the coming years, with the loss of another 200,000 jobs in the sector, on top of the 560,000 jobs lost this decade.[8] China became both the largest automobile producer and market in the world after experiencing massive growth in 2009.
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Automotive Subcategories
Automotive Articles
Michigan Foreclosed Homes - What are the Benefits and How to Search for Foreclosed Homes in Michiga by Fiona Livnat
Sep 09, 2009
If you are a homebuyer on the lookout for a suitable property that meets your requirements as well as budget, buying a property through the foreclosed homes for sale in Michigan could be the best decision you can make.
Benefits
There...
Frugal Living requires Frugal Automotive Decisions by Ronnie Tanner
Aug 07, 2009
A majority of Americans are keeping a close eye on their funds, which usually means fewer extravagant vacations, additional hours at the office, and most importantly, saving all that they can. Inevitably, there are moments when an individual has to d...
Indian SMEs capitalising on Armenian Avenues by David Parks
Jun 22, 2009
In the Soviet era, Armenia was a highly industrialised nation and a leading manufacturer and exporter of textiles, machine tools and automotive components. Following the disintegration of Soviet Union, Armenia shifted its focus to the agriculture sec...
Earnings Preview for Apr 27 - May 1 by Charles Rotblut
Apr 28, 2009
Ameristar Casinos (ASCA), Corning Inc. (GLW), Commscope Inc. (CTV) and Monolithic Power Systems (MPWR) could top expectations. Textron (TXT) could disappoint.
It is going to be a very busy week. Earnings season continues, the economic calenda...
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