The Auto Industry

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Title: The Auto Industry

Essay Details:

Subject: Business

Author: Thomas A

Date: February 3, 2014

Level: University

Grade: A

Length: 3 / 827

Essay text:

Competition is a major factor that takes a toll on the auto industry. In America the car making market is driven by what's known as the "Big Three:" Investopedia.com says, "The profits (and losses) of the big 3 are thought to be an indicator of the overall US economy" · General Motors - produces Chevrolet, Pontiac, Oldsmobile, Buick, and Cadillac. · Daimler Chrysler - Chrysler, Mercedes, Jeep, and Dodge. · Ford Motor Co. - Ford, Lincoln, Volvo, and Jaguar. However, Two of the biggest foreign car manufacturers are: · Toyota Motor Co. · Honda Motor Co. Mr. Michael E. Porter identified 5 competitive aspects that shape all industries in his book called "Techniques for Analyzing Industries and Competitors" The below 5 forces by Porter show the relationship between the various competitive forces: Porter's 5 Forces Analysis 1...

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