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Auto Industry
The auto industry is in the maturity stage where competition and price cutting is fierce. The US auto market remains flat and companies are struggling to make vehicles reliable and efficient at a reduced price. Supplements for vehicles such as oil and auto parts are increasing in price putting pressure on profit margins. Prices of oil and steel are changing the type of vehicles demanded and the way they are designed. These components are responsible for many of the problems that the industry faces today.
Oil Prices
Oil prices have risen in the Middle East due to demand and difficult oil refineries. Oil is used both to make gasoline and in tire production. Gasoline prices in the US have increased dramatically during the last few years reaching averages over $3.00 a gallon. The auto industry has to meet new demands for more fuel efficient conscious consumers. The big three motor manufactures GM, Ford and Chrysler combined have over a 90 percent share of......
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Title: Gmc
Approximate Word Count: 5597
Approximate Pages: 23 (250 words per double-spaced page)
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