Automotive Industry

Automotive industry is to design, develop, produce, market, and sell motor vehicle world. In the year 2007, more than 73 million vehicles, including cars and commercial vehicles produced throughout the world.
On year in 2007, some 71.9 million new cars sold around the world: Europe 22.9 million, 21.4 million in the Asia-Pacific, 19.4 million to the United States and Canada, 4.4 million in Latin America, 2.4 in the Middle East and in Africa 1.4 million. [2] market in North America and Nihon become stagnant, while in South America and Asia growing rapidly. From the main marketer, Russia, Brazil, India and China showing rapid growth.

Approximately 250 million vehicles in the United States. Throughout the world, there are approximately 806 million cars and light trucks on the road in the year 2007, all of whom spent more than 260 billion gallons of fuel each year. Number is growing rapidly, especially in China and India.

In the year 2008, due to rising oil prices, such as the automotive industry experiencing price pressure from raw material costs and changing consumer buying behavior. Automotive industry is also facing competition from outside the public transport sector, as consumers re-evaluate their private vehicle usage.

At the end of 2008, as a result of the global economic crisis, the automotive industry around the world weakened as a result of rising fuel prices.