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The Auto Industry of Today
There is no industry more present in the worldwide community than the automobile industry. The automobile has changed the lives, culture, and economy of the people and nations that manufacture and demand them. Ever since the late 1800s when Benz and Daimler in Germany invented the first "modern" car, the industry has grown into a billion dollar industry affecting so many aspects of our lives. There are more than 400 million passenger cars alone on the roads today. During the early part of the twentieth century, the United States was home to more than 90 percent of the world's automotive industry, but has shrunk to about 20 percent in today's world (Tardiff 394). This drastic change has occurred by the booming economies in such nations as Japan, Germany, Canada, France, Italy, and other nations.
The US auto industry "sales totaled $205 billion, or 3.3 percent of the total Gross Domestic Product" (Tardiff 394). By the end of 19th century, there......
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Title: The Auto Industry Of Today
Approximate Word Count: 2236
Approximate Pages: 9 (250 words per double-spaced page)
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