Ethical Dilemmas of the Auto Industry

Every industry has seen its scandals, and with those scandals comes an obligation for companies to do what is ethical. Many times, companies fall down on this in order to salvage their public image and bottom line. The auto industry is no stranger to ethical dilemmas that have plagued America's corporate landscape.  One ethical dilemma that...

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Ford Expecting Significant Growth in Asia Pacific, Africa

Ford's Figo model for India Ford Motor Company is expecting significant growth in the Asia Pacific and Africa markets in the next decade, from one sixth of their total sales currently to one third by 2020 (1). Its Asia Pacific and Africa region includes emerging markets such as China and India, as well as Australia, South Africa, and Thailand....

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Corporate Social Responsibility

Corporate social responsibility is a term that acts as a moral monitor for businesses to keep themselves accountable. It covers the companies conformity to obey the law and high ethical standards that are set by the consumers. Active CSR companies would emphasize its positive involvement with the community, environment, employees, and customers. Several...

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Mission Statements and Significant Values

Every group, whether it's school, bank or family has its own rules. Rules must be followed and with no rules is hard to find the way to success. Therefore, companies have set their own rules, values and mission statements ​​that seek to accomplish various goals, such as providing high-quality products to their customers, treating employees fairly...

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Revenue Growth - International and Domestic

The auto industry, like all industries, is being changed massively by technology and trends like globalization. Emerging international markets, especially, are changing where and how revenue is growing for this industry. The US car market is changing as well due to changes in complimentary goods (primarily oil), different needs, and (to an extent)...

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Auto Workers Union Revises Contracts with U.S. Auto Makers

The United Auto Workers, a union which represents more than 39,000 auto workers in North America (1), is reworking labor contracts with Ford, General Motors, and Chrysler. A tentative agreement reached with GM on Friday will help shape similar agreements with Ford and Chrysler. GM was chosen as "the lead company" because the UAW felt GM was most likely...

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Supply and Demand of the Auto Industry

Like all other industries, the auto industry can be illustrated by basic macroeconomics. If there is a low demand, then the purchase price will decrease. On the contrary, if the demand exceeds the supply of the vehicles on site, then the price can have a sudden increase. The manufacturer controls and oversees the inventory that is shipped out to the...

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Basic Economic Facts About the Auto Industry

The automobile is a primary mode of transportation for many developed economies. 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, consuming over 260 billion US gallons (980,000,000 m3) of gasoline and diesel fuel yearly. What are the main conditions...

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Welcome to Our Blog!

Welcome to Workings of the Auto Industry! In this blog, we'll explore what drives the auto industry. The auto industry is one of the most important and largest industries in the global economy. Last year, over 77 million vehicles were produced around the globe! (1) Throughout this blog, you'll be able to explore everything from government recalls and...

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