Category: Auto Industry
Japanese Auto Industry
Japanese auto industry has grown constantly over a long time and has finally overtaken U.S. auto industry as number one producer of cars in world. Major manufacturers of cars in Japan – Toyota, Honda, Nissan, Suzuki, and Mazda are also amongst largest manufacturers of cars in world.
Automobile Industry
In the year 1769, a French engineer by the name of Nicolas J. Cugnot invented the first automobile to run on roads. This automobile, in fact, was a self-powered, three-wheeled, military tractor that made the use of a steam engine. The range of the automobile, however, was very brief and at the most, it could only run at a stretch for fifteen minutes. In addition, these automobiles were not fit for the roads as the steam engines made them very heavy and large, and required ample starting time. Oliver Evans was the first to design a steam engine driven automobile in the U.S.
China Auto Industry
How would China auto industry fare in 2009?
In 2008 growth rate of China auto industry had slowed down to a significant extent specially from third quarter onwards. China’s economy has been growing weak and there has been lesser demand for cars as of January 2009. All these factors make it clear that China auto industry would find it hard to do well in 2009.
Auto Bailout
About US auto bailout
US auto bailout is presently in its initial stages as federal government is making efforts to get to a compromise regarding any financial aid. They are poised to provide $25 billion to automobile companies in US. They are trying to provide assistance through other means like creating new sources of finance and using money that has been earmarked for development of fuel efficient technologies.
Impact of US auto bailout
Sweden Auto Industry
Latest news on Sweden auto industry
Saab, a major auto maker of Sweden auto industry is going to delay its production of new models for a while. It is also putting its development and research activities on hold. These steps are being taken by Saab in order to deal with financial problems.
Importance of auto industry in Sweden
Italy Auto Industry
How with Italy auto industry fare in 2009?
Italy auto industry is all set to experience a tough 2009. This has already been indicated by projections of reductions in sales of new cars of auto industry in Italy in 2009. As per experts, there would be a decrease of 13.5 percent in car sales in Italy automobile industry. This rate is lesser than estimates for 2008.
