Category: Car Industry News

Automobile Industry – Opportunities Markets and Globalization

In this video, you will learn how automobile companies are making the transition to producing a lot more fuel-efficient vehicles. CEO, Jack W. Plunkett, guides you through the trends that are going to take over one of the world’s most influential industries. 00:00:46,400 – 00:00:51,390 The problem is that within the United States, the industry is forced to make 00:00:51,390 – 00:00:57,440 more investment than it wants to in small highly fuel-efficient cars because 00:00:57,440 – 00:01:03,620 as the years go by, the C-A-F-E, or the required average fuel efficiency rate for each 00:01:03,620 – 00:01:07,689 manufacturer gets higher and higher. Pretty soon, automakers are gonna have 00:01:07,689 – 00:01:12,670 to post more than 50 miles per gallon average per automobile. Now that’s gonna be 00:01:12,670 – 00:01:17,929 hard to do. It’s going to take a lot of engineering. It also takes away from their investments in big 00:01:17,929 – 00:01:23,560 gas-guzzling vehicles. In Europe, automakers are pretty well focused on 00:01:23,560 – 00:01:28,530 selling more fuel-efficient vehicles because fuel prices in Europe are always 00:01:28,530 – 00:01:33,859 so high, where fuel is taxed at a much higher rate per gallon or per liter than it is 00:01:33,859 – 00:01:40,310 in the United States. Finally, in many places in Asia, automakers are working 00:01:40,310 – 00:01:46,689 under the problem that big luxury cars that might be imported, pay huge import tariffs. 00:01:46,689 – 00:01:51,709 While their local manufacturing is more focused for instance in China on smaller 00:01:51,709 – 00:01:54,509 lighter cars and vans. Today, 00:01:54,509 – 00:01:59,450 car-makers are more than ever focused on efficiency, which to them means optimum 00:01:59,450 – 00:02:06,380 lean production, which means relying more and more on their outsourced makers of 00:02:06,380 – 00:02:11,720 parts, components, and assemblies, which the automaker’s then bring into their 00:02:11,720 – 00:02:15,819 own factories and assemble as much as manufacture. They want to rely on 00:03:03,549 – 00:03:08,510 Mexico is absolutely hot in this regard. What’s the long-term future of the 00:03:08,510 – 00:03:12,430 automobile industry? At one time, analysts were thinking of as many as 00:03:12,430 – 00:03:17,939 three billion cars and light trucks on the planet by 2050. Roughly three times 00:03:17,939 – 00:03:25,099 today’s rate. However, the sharing economy may well put a hold on that thought as consumers 00:03:25,099 – 00:03:29,579 around the world more and more are using everything from bike sharing to car sharing 00:03:29,579 – 00:03:35,240 services like Zipcar; eliminating to some extent the need for personally owned 00:03:35,240 – 00:03:40,460 automobiles. Other things for the future that must be considered, are natural 00:03:40,460 – 00:03:44,970 gas-powered vehicles with the world awash in natural gas, particularly in 00:03:44,970 – 00:03:49,330 North America. There will be more reliance on using natural gas for big 00:03:49,330 – 00:03:54,680 transportation, at least things like buses and long range trucks. What about 00:03:54,680 – 00:03:59,190 electric cars? All-electric things like Tesla and hybrid cars like the Prius 00:03:59,190 – 00:04:04,660 still represent a very, very small portion of the total automobile market. For more information, visit us at:

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Women’s influence on the auto industry

Automotive analyst Lisa Copeland on Tesla’s latest speed bump and the most popular vehicles among women and the opportunities for women in the auto industry.

 

As found on Youtube

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