And whereas this is only the beginning of the connected car era, the way forward for the business is shiny. With technology adjustments coming into the business and globally flat sales regardless of record gross sales in the US, the risks of another economic cycle just like the US saw in 2007-2009 might be devastating. As governments expect cars which can be safer and cleaner, the trade will need to take a look at zero-emission technologies.
Middle East and Africa: Over the subsequent five years, the Middle East and Africa (ME&A), a laggard, comparatively unmotorized region, will probably see robust and consistent automobile sales progress; the largest improvements are expected in Iran, Egypt, South Africa, and Nigeria.
There wee 17.5 million vehicles had been sold in 2015, up 5.7% from the 12 months before and topping the file 17.four million vehicle gross sales registered in 2000. There is large growth foreseen in Indian textile exports from the $17bn attained in 2005-06 to $50bn by 2009-10. At the beginning of the 21st century, the tendencies of worldwide manufacturing modified with new technological methods.
This report on the U.S. car manufacturing business concentrates on the Big three companies (General Motors, Ford, DaimlerChrysler) … Read More