The Auto Industry

The Auto Industry
The Auto Industry Image link: https://commons.wikimedia.org/wiki/File:%2713_-_ITALIAN_automotive_engineering_-_Alfa_Romeo_4C_chassis_-_monocoque_carbon_fiber_-_aluminum_platform_DxO_13.jpg
C O N T E N T S:

KEY TOPICS

  • His effusive claims about the impact of the new Trump Nafta pact — “This will be a new dawn for the American auto industry” and “We will be manufacturing many more cars” — suggest that global auto tariffs are still a real threat.(More…)

POSSIBLY USEFUL

  • Even though US-China automotive trade is dwarfed by trade in sectors such as electronics and machinery, both countries have included auto products in their tariff lists.(More…)

RANKED SELECTED SOURCES

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KEY TOPICS

His effusive claims about the impact of the new Trump Nafta pact — “This will be a new dawn for the American auto industry” and “We will be manufacturing many more cars” — suggest that global auto tariffs are still a real threat. [1] New China tariff list creates risk of ‘downward cycle’ for U.S. auto industry More than 100 items that go into vehicles face 10 percent tariffs as President Donald Trump escalates his trade war with China. [2] Analysts said it is unclear how much car prices will go up in order to absorb the costs of a trade war, but everyone agrees that prices must go up – and that parts from China are critical to the auto industry. [2]

Compliance would be difficult for the auto industry under this scenario, and some production would move to higher-cost factories in order to avoid tariffs. [3] “This is definitely the “Mother, make it stop” point for the auto industry,” said Jon Gabrielsen, a market economist who advises automakers and auto suppliers. [2] Overall, it would not be as much of a challenge for the North American industry because most OEMs and tier one auto suppliers have manufacturing facilities in all three countries. [3] Calculated on the basis of 2017 trade flows, tariffs as high as 25% on imported cars and auto parts under the Section 232 action would cost the industry more than $60 billion per year. [3] DETROIT – New tariffs imposed by President Donald Trump on auto parts from China will hit carmaker profits, cut sales and threaten to “start a downward cycle” in the critical industry, analysts unanimously agree. [2] Although worse than the current status quo, because only low U.S. tariffs under the WTO would apply to cars and auto parts, this scenario would be less damaging to the passenger car industry than the others. [3]

Its results were delivered during testimony before the U.S. Department of Commerce in July, when auto industry officials urged the Trump administration not to impose tariffs on cars and parts. [4] Analysts said it is unclear how much car prices will go up in order to absorb the costs of a trade war, but everyone agrees that prices must go up — and that parts from China are critical to the auto industry. [4] The escalating trade war with China “will further harm the U.S. auto industry and American workers and consumers,” said John Bozzella, CEO of the Association of Global Automakers. [5] The outlook for the global auto industry over the next 12-18 months remains stable so far, thanks in part to rising sales in China, India and Europe. [6]

Before Dieselgate, Volkswagen wasn?t really investing in electric cars, autonomous driving, or mobility services, even though that?s clearly the future of the auto industry, Ferdinand Dudenhfer, a professor for Automotive Economics at the University of Duisburg-Essen, told The Verge. [7] The European Parliament on Wednesday proposed stricter emission targets for the auto industry, putting down its marker in a growing fight inside the European Union over how much it can tighten carbon-dioxide limits for cars. [8] The impact will grow as a result of the second round of China tariffs, Nagle added, cautioning that a “dizzying” series of trade moves will “exacerbate” the problems the auto industry faces as it struggles to head off the first downturn in sales since emerging from the depths of the last recession. [5] The impact of President Donald Trump’s escalating tit-for-tat over tariffs is already being felt, say auto industry experts. [5] New tariffs imposed by President Trump on auto parts from China will hit carmaker profits, cut sales and threaten to “start a downward cycle” in the critical industry, analysts said unanimously Tuesday. [4] “Retaliation by China to tariffs already in place has made U.S. auto exports uncompetitive,” said one industry insider. [5]

The auto industry fears that President Donald Trump’s threats to place tariffs on vehicles coming into the U.S. could drive the economy into a recession, the head of the largest auto retailer in America said today. [9] Finland depends on imports of cars and other vehicles, it does however have its own (yet small) auto industry which includes the production of Valmet Automotive cars, Sisu trucks and buses/coaches of various producers. [10] High consumer prices and production inefficiencies characterized the Canadian auto industry prior to the signing of the 1965 Automotive Products Trade Agreement with the United States. [10] During the 1990s, the political problems and economic sanctions imposed on Serbia, inherited by the Yugoslavian auto industry mainly, halted the drop of production of Zastava cars to just 10-20,000 per year. [10] Socialist Bulgaria has small auto industry including nearly 20 thousand units of self-developed Chavdar trucks and buses as well as the assembly of Soviet Moskvitch cars. [10] The buzz in the auto industry these days is mostly over topics such as the dramatic decline in sales of sedans in favor of SUVs and giant pickup trucks (Ford recently announced it will phase out sedans completely), and the continuing development of autonomous or self-driving cars. [11] The lack of competition in the auto industry due to the dominance of a few players, and restrictions on imports in the form of heavy duties have resulted in very high prices of cars in the country. [10] In the 1980s-1990s U.S. auto power was overtaken by rapidly growing Japanese auto industry but in the 21st century both of them are balanced and now are the second largest in the World (after China) with annual production of 8-10 millions. 20 In the ensuing years, the companies periodically bounced back, but by 2008 the industry was in turmoil. [10] With this statistic in mind, it makes sense that, within the auto industry, the automotive electronics sector is soaring. [11] In the 1990s Italian auto industry became again 3rd in Europe and 5th in World with annual output more than 2 million. [10]

“Autoline is often the first stop for auto executives, industry insiders, and consumers looking for the latest news about cars and the industry,” the show’s parent company says of its website. [12] The 1964 Automotive Products Trade Agreement or “Auto Pact” represents the single most important factor in making the Canadian automotive industry what it is today. [10]

Nagle continued to warn that enacting tariffs using Section 232 rules would be devastating on the American economy and a “dizzying” series of trade moves will “exacerbate” the problems facing the auto industry as it struggles to head off the first downturn in sales since emerging from the great recession of 2008. [13] Faced with the recent tariffs put into place, China?s retaliatory tariffs have already had a profound effect on the U.S. auto industry; a very negative impact. [13] At the time of the bailout, the auto industry contributed 3.6 percent, or $500 billion, to U.S. gross domestic product. [14] The auto industry bailout was not critical to the U.S. economy, like the rescue of AIG or the banking system. [14]

Industry insiders are saying retaliation by China to tariffs already in place have made United States auto exports uncompetitive. [13]

Analysts say that could be very bad for the U.S. auto industry, which makes cars and sources parts across all three countries.” [15] Privileged to be an up-close-and-personal witness to the glory days of the U.S. auto industry, DeLorenzo combines that historical legacy with his own 22-year career in automotive marketing and advertising to bring unmatched industry perspectives to the Internet with Autoextremist.com, which was founded on June 1, 1999. [16] NPR : ” Why The Auto Industry Is Paying Special Attention To NAFTA Negotiations ” — “U.S. and Canadian trade negotiators are scrambling today to come to a compromise on a new NAFTA deal. [15]

POSSIBLY USEFUL

Even though US-China automotive trade is dwarfed by trade in sectors such as electronics and machinery, both countries have included auto products in their tariff lists. [3] It is also possible that Commerce could decide that no auto tariffs should hit Canada and Mexico because they are allies and because they are elements of an integrated North American automotive manufacturing supply chain. [3] Reciprocity would mean a U.S. tariff of 31% on autos from Mexico, 6% on those from Canada, and 10% on those from the EU. The impact of double-digit tariffs would be significant throughout the value chain. [3] Under this scenario, a fairly high percentage of autos currently traded within North America would still meet the new RVC requirements, and the U.S. would levy its WTO tariff only on passenger cars that are not in compliance. [3] The prospect of higher U.S. auto prices under the Trump Nafta replacement raises the odds that the Trump administration will hike global auto tariffs. [1] It’s unclear whether the U.S. will be able to extract concessions from other key trading partners, including the European Union and Japan, that convince Trump to disarm when it comes to his national security tariffs on metals and autos. [1] Trump tariffs of as much as 25% on autos forced Canada and Mexico to the bargaining table. [1]

Because all three countries belong to the World Trade Organization (WTO), they would, in theory, apply so-called most-favored-nation tariffs on noncompliant autos and parts. [3] As we noted above, rather than alter their supply chains to meet the content requirements, some automakers could simply decide to pay the low 2.5% tariff on passenger vehicles–or, generally, even lower tariffs on auto parts–and move on. [3]

The second is an investigation under Section 232 of the Trade Expansion Act of 1962 that could determine that the U.S. trade deficit in autos represents a national security threat. [3] With the U.S. and Mexico having reached a tentative agreement, there is no question that the trade rules for autos will change. [3] The deal is expected to put upward pressure on U.S. auto prices to comply with the USCMA deal terms. [1]

Like the auto deal, Canada and Mexico may end up agreeing to limits that exempt current production. [1]

Because neither of these arguments prevailed in the case of steel and aluminum, we think it important to consider the likelihood of higher U.S. tariffs on Canadian and Mexican cars and auto parts. [3]

National Automobile Dealers Association president and CEO Peter Welch said industry analysis outlined a scenario where a 25 percent tariff would increase the price of the typical vehicle sold in the United States by about $4,400. [2] “Today’s production announcement offers a bit of redemption to the Tesla faithful,” Jeremy Acevedo, manager of industry analysis at consumer site Edmunds.com, said in a statement. [17] The new rules will hit the North American facilities of all industry players–those headquartered in the U.S. as well as elsewhere. [3] For the North American automotive industry, fallout from the tough new trade rules or U.S. withdrawal from NAFTA might not–by itself–be that serious. [3] “NADA recognizes the importance to the United States of leveling the trade playing field; eliminating unfair trade practices; and keeping America?s automotive industry strong,” he said. [2]

At present, the way we think about disruption in the automotive industry is through electric cars (upending the need for gas), services like Uber (which are challenging the need to own a car), and Tesla (which is challenging the way cars are sold). [18]

“For the car industry, this means a lot of efficiency they’ve gained from building up the global supply chain is lost.” [2]

“But a 25 percent tariff applied to all imports would hurt auto manufacturers, dealers, consumers and the economy as a whole. [2]

Now, however, U.S.-made vehicles are subject to 40 percent tariffs, making them even less competitive with auto imports from Europe or Japan, as well as vehicles made in China. [5] Trump’s last round of auto tariff threats appears to have frightened the automaker away from the idea. [19] The question is, does the Auto Business understand Trump ties Trade and Foreign Policy together- and will cheerfully use one to achieve goals in the other. [19] Anyone that thinks an all American auto would cost 5-15x as much should never be in a public office mucih less taken seriously. [19] Maybe with your attitude a collective should be formed like the Soviets and othe Communist nations had to ensure supply of autos. [19]

“Retaliation by China to tariffs already in place has made U.S. auto exports uncompetitive and will eliminate our bilateral auto trade surplus.” [5] Trade is a two-way street, and the U.S. is already beginning to feel the impact in terms of auto exports. [5]

New car prices are beginning to rise, and auto exports are dropping. [5]

Declining prices of oil and crude oil have helped bolster demand for industry products such as sedans, and compact cars, although not as much as it has aided purchases of trucks. [20] The Car and Automobile Manufacturing industry has experienced strong growth over the five years to 2018. [20] Companies in the Car and Automobile Manufacturing industry manufacture cars and automobile chassis. [20] Having endured the tumultuous previous period and now improving in the aftermath, the Car and Automobile Manufacturing industry is in the mature stage of its life cycle. [20] The Car & Automobile Manufacturing industry market report contains data and analysis of the most influential current and future trends shaping the industry. [20]

Industry experts warn that the Trump administration?s trade moves threaten to fracture that grid. [5] It’s unfair to expect a politician to be an expert on every single industry, but Trump made the automotive sector one of his pet projects since his first week in office. [19]

The manufacturing of light trucks (e.g. vans, pickups and SUVs), heavy trucks and motorcycles is excluded from this industry. [20]

“NADA recognizes the importance to the United States of leveling the trade playing field; eliminating unfair trade practices; and keeping America’s automotive industry strong,” said the organization’s president and CEO, Peter Welch. [4] For the car industry, this means a lot of efficiency they’ve gained from building up the global supply chain is lost. [4]

Automotive supply chains are among the most complex of any industry: Vehicles are transported across borders in various stages of the production cycle and parts come from factories in all areas of the globe. [21] “Industry participants, especially the suppliers but also the vehicle manufacturers, are having to deal with pretty extreme economics that certainly weren?t in their budget at the beginning of the year,” Michael Robinet, managing director of the automotive practice at IHS Markit, told the Washington Examiner. [21] The largest automotive companies in India are Maruti Suzuki, Hyundai Motor India, Mahindra & Mahindra and Tata Motors (In 2008, it launched Tata Nano, the cheapest car in the world at $1,500). 25 Foreign auto companies with plants in India include, General Motors, Ford, Hyundai, Honda, Suzuki, Nissan Motors, Toyota, Volkswagen, Audi, Skoda, BMW, Renault, Mitsubishi, Jaguar Land Rover, Fiat and Mercedes Benz. [10]

Besides DAF Trucks and VDL buses, present Dutch auto production consists primarily of contract manufacturing for BMW and Mini by VDL Nedcar (formerly producing DAF, Volvo, smart and Mitsubishi 68 ), plus a few small sports car companies: Spyker Cars and Donkervoort. [10] Post-war socialist Czechoslovakia restored its own auto manufacturing that was the second (after Poland) in the Soviet block outside the USSR, producing 250 thousand per year vehicles of all types, including Skoda cars and trolleybuses, Tatra trucks and trams, Karosa buses. [10]

Jackson, who is also chairman of the Federal Reserve Bank of Atlanta, said he hopes trade deals can be reached with Europe, Mexico and Canada that will avoid auto tariffs that Trump said could be as high as 30 percent on vehicles imported into the U.S. The president has already imposed tariffs on foreign steel and aluminum, as well as a variety of goods from China. [9] A new factory having an auto assembly capability of nearly 400,000 vehicles annually was opened by Renault in February 2012 in Tangier. 16 It will mainly produce cars for the European market. [10] Rising oil prices add to rising demand of electric vehicles Jeremy Hodges, Oliver Sachgau and Ania Nussbaum Oil’s march toward $100 a barrel is coming at just the right the time for auto makers investing billions in the switch to electric cars. [22] What happens to flooded cars and other auto questions in the wake of Florence Tom Krisher As flooding continues in the Carolinas after Hurricane Florence’s massive rainfall, experts say high water will damage thousands of vehicles. [22] Wilmette auto show features mini, micro and compact cars Kathy Routliffe A tiny BMW Isetta, a Polish Mikrus micro car and a pink and white Nash Metropolitan luxury model were among vehicles that car lovers and the car-curious alike had the chance to inspect at the Wilmette Historical Museum?s Auto Historica XV. Sunday?s. [22] Yugoslavia was 2nd (after Poland) European socialist auto maker outside Soviet Union and achieved at high point near 300 thousands annual production, 250 thousands amongst that was Zastava cars. [10] Having some small auto production in socialist Yugoslavia, Slovenia became one of the new East European car making countries and now produces near 200,000 per year, mainly for export. [10] Bulgaria’s production strongly depended on auto imports from the Soviet block earlier and currently depends on other European and Asian countries. [10]

With annual output near 6 million now, Germany is absolute leader of auto production in Europe since the 1960s, and in World was the third during the 1970s – middle of the 2000s and fourth now (concedes to China, United States and Japan only). [10] Now the Czech Republic is one of the most significant European (5th) and World’s (15th) auto maker, having annual output near 1.4 million and largest export to Western and Eastern Europe, other CIS and European countries and even to United States. [10] At the end of the century Belgium became one of the largest European auto makers with an annual output up to 1.2 million from assembly plants of foreign brands. [10] Thailand is more rapidly grown in the 2000s, largest in South-Asia and 14th in the World auto producent with annual output nearly 1.5 million (that is more than in such old and new auto makers as Belgium, United Kingdom, Italy, Czech Republic, Turkey) of vehicles developed and issued by foreign (Japanese, South Korean, etc.) assist. [10] Canada is currently the 11th largest auto producer in the World with 2.1 million annual output, down from 7th place with 3 million peak a few years ago. [10] After the Great Depression and World War II, these companies continued to prosper and the U.S. produced near 3/4 of all automobiles in the world at 1950. 20 21 However, after record of production near 15 millions in some 1970s years, at the beginning and middle of that decade, a combination of high oil prices, increased competition from foreign auto manufacturers, and increasing government regulation severely affected the companies. [10]

Trump is hoping that the new arrangement will force automakers to increase their production in the U.S. Industry; sources doubt that will happen but say some European and Asian companies could bolster their American presence to meet the requirements. [21] Some industry experts speculate that major car manufacturers will explore contract manufacturing for tech companies like Apple and Uber, for example. [11] Manufacturers are stockpiling materials as much as possible before tariffs take effect, and companies are in early talks about revamping entire supply chains if the trade skirmishes continue, according to more than half a dozen industry sources. [21] Steve Hilfinger, a partner with Foley & Lardner and co-chair of the event, said the growing interest in what?s happening with automotive and other mobility technology has attracted the attention of many industry players, software companies, connectivity developers, and other groups. [23] Automotive production is a significant industry in post-Soviet Russia, directly employing around 600,000 people or 1% of the country’s total work force. [10] Industry Spotlight is a regular look at manufacturing trends in segments such as automotive, consumer electronics, medical/health care, and aerospace. [11] It was not until 1985 that automotive giant, General Motors (GM), set up its first assembly plant in Egypt, revolutionising the industry. [10]

New Zealand no longer has a vehicle assembly industry for passenger cars. [10] The foundations of the industry was laid with the establishment of Otosan assembly factory in 1959 and the mass production of the domestic car Anadol in 1961. [10] It has Soviet origins, evident in the subsequent practice of cloning foreign specimens, though in one recent automobile joint-venture, North Korea developed a wide-range automotive industry with production of all types of vehicles (an urban and off-road mini, luxury, SUV cars, a small, midi, heavy and super-heavy cargo, haulage, construction and off-road trucks, a mini buses, a usual and articulated buses, trolleybuses and trams). [10] In the more than two dozens years since, the Egyptian automotive assembly business has grown from just three plants relying on mostly imported components, to 16 businesses with 26 assembly lines, manufacturing now near 100,000 units annually of passenger cars, light commercial vehicles, trucks, and buses, as well as 300 factories that produce most automotive components (IDA’s Vision for the Automotive Industry Report). [10]

The Argentinian industry is regulated by the Asociaci De Fabricantes de Automotores (Adefa), 85 created in 1960, which includes makers of automobiles, light vehicles, trucks and buses. [10] The Brazilian industry is regulated by the Associao Nacional dos Fabricantes de Ve’culos Automotores (Anfavea), created in 1956, which includes makers of automobiles, light vehicles, trucks and buses, and agriculture machines with factories in Brazil. [10]

Truck industry also has a ration in the market Renault Trucks, a subsidiary of the Volvo Group and the Algerian group BSF Souakri signed a Memorandum of Understanding for the creation of a vehicle assembly plant in Algeria, which will be based in Meftah, Blida. [10] Due to the global financial crisis in 2009 the industry produced 600 thousands vehicles only, down from 1.5 million in 2008 after post-Soviet restoration. [10] According to some industry estimates, more than 40 percent of the on-board mechanisms in a vehicle are now based on electronics and that percentage is likely to rise with further innovations and product development. [11] North Korea did not join the OICA, meaning that information about its motor vehicle industry is very limited and poor. [10] After building its first car in the late ’80s, the Nyayo Car, Kenya has a shot at the industry with Mobius Motors, which was founded in 2009. [10] The Irish industry in Ireland has a varied history and despite the small size of the island, a punitive tax on imported cars encouraged a wide range of companies to assemble their cars locally including Fiat, Ford and Renault. [10] The industry began with hundreds of manufacturers, but by the end of the 1920s it became dominated by three large companies – General Motors, Ford and Chrysler. [10]

Changes to protection of the local industry eventually led to the closure of the assembly plants since they could not compete with foreign counterparts. [10] The South Korean automobile industry is today the sixth largest in the World in terms of production volume (concedes to China, United States, Japan, Germany and India only) and the sixth largest in terms of export volume, achieved more than 4.6 million vehicles produced in 2011. [10]

The automobile industry has been an active and growing field in Pakistan for a long time, however not as much established to figure in the prominent list of the top automotive industries, having a stable annual production of between 100,000-170,000 vehicles. [10] The American automobile industry began in the 1890s and rapidly evolved into the largest automotive producer in the World through the use of mass-production. [10]

“Everyone in the automobile industry — doesn’t matter if you’re a retailer, a supplier or a manufacturer — is freaking out around tariffs on automobiles,” Mike Jackson, chairman and chief executive officer of AutoNation Inc., said Wednesday on Bloomberg Television. [9] Driven by the demands of World War I, Canada’s automotive industry had grown, by 1923, into the second-largest in the world, although it was still made up of relatively inefficient plants producing many models behind a high tariff wall. [10] Concurrent with the avid interest and rapid technological development in the automotive industry, especially around the development of autonomous vehicles, concern has grown around issues of security, data protection, and IP, as well as government regulation and compliance with what could potentially be fleets of driverless cars and trucks on our roads in the not-too-distant future. [23] Today, the Italian automotive industry continues to boast a wide range of products, from very compact city cars to sport supercars such as Ferrari and Pagani. [10]

Russia has inherited a main part of automotive industry of the Soviet Union with near 1.8 million annual production of all types of automobiles in RSFSR. [10] Ukraine was one of two only Soviet republics having production of all types of automobiles and was second by volume in the automotive industry of the Soviet Union with more than 200,000 annual production. [10]

South Africa is traditionally the leader in Africa of the automotive industry and now produces more than half a million annually of all types of automobiles. [10]

The Automotive industry in Kenya is primarily involved in the assembly, retail and distribution of motor vehicles. [10]

The factory has an auto assembly capability of 50,000 vehicles annually. [10] Emin Auto, an Algerian-Turkish society, including representatives of several Chinese vehicle brands, should sign the project to build an assembly line of commercial vehicles in Ain Temouchent Thursday, January 7, 2016. [10] Argentina has a long history of auto manufacturing, almost entirely focused on the manufacture of foreign designed vehicles. [10] After WWII Franco’s Spain lagged behind main European auto manufacturing countries for decades. [10] At the end of the 20th century, France was the second largest European (slightly lagging behind Germany) and world’s fourth largest auto maker, having an annual production of 3.5-4 million. [10]

The project is in partnership with the Chinese Jianghuaa Automobile Corporation JAC Motors and Emin Auto. [10] Auto manufacturers in the Slovakia currently include 3 OEM automobile production plants: Volkswagen’s in Bratislava, PSA Peugeot Citro”n’s in Trnava and Kia Motors ‘ ?ilina Plant. [10]

Auto rickshaws have been producing in Bangladesh since the 1980s and local production of motorcycles began in early 2000. [10] The auto sector presently contributes 16% to the manufacturing sector which is predicted to increase even further. [10] In post-Soviet times, UzDaewooAuto, SamAuto, GM Uzbekistan new auto producing plants were built with South Korean and American help. [10] Magna International is Canada’s biggest domestic firm in the sector, and is the world’s third-largest auto parts firm, producing entire vehicles at its Magna Steyr plant in Austria. [10]

Since that time, due to East-European and Asian competitors on European market, auto exports from Spain have slowed and annual production decreased to 2.4 million, although Spain beat France and became the second auto power in Europe (after Germany) but 9th in the world. [10] Three years later, the company acquired Chrysler’s European division, the former Rootes and Simca auto manufacturers. [10]

Recently fast growing with European and then Japanese and South Korean help, the automotive industry in Turkey plays an important role in the manufacturing sector of the Turkish economy. [10] The Serbian Government wants to establish Serbia as a new manufacturing location for the automotive industry in Europe and is strongly supporting all the international producers and suppliers in order to open their plants in Serbia. [10]

T he automotive industry is facing its biggest challenge since the economic downturn a decade ago threatened to bankrupt the top three U.S. carmakers. [21] Completely dependent for Soviet import earlier, Vietnam since the 2000s began to develop own automotive industry with Japanese-South Korean-Malaysian assistance and, having yet near 40,000 per year capability, accounts as a prospective maker and market in South-East Asia. [10] Belarus had third by volume part of automotive industry of the Soviet Union with near 40,000 annual production. [10] The automotive industry in Croatia employs about 10,000 people in over 130 companies and generates profit of about US$600 million. [10]

Today, pushed by evolving consumer behaviors, transformative technologies, and global market pressures, the automobile industry has entered a new industrial revolution where ingenuity and opportunity coalesce, and the tools of the trade include adaptive cruise control, autonomous vehicles, and nanocellulose and cellular V2X technologies. [23]

Industry experts warn that trade moves threaten to fracture automakers? continent-wide network of parts and vehicle assembly operations. [13] Industrial Internet at Work is a new video series from GE Digital that takes an in-depth look at how automotive companies can accelerate their digital transformation and remain competitive through the disruptive changes that are shaping the industry. [24] Growth shifting to Asian markets : Although American & European market is the pulse of this Industry, but the focus is shifting to developing markets like China, India & other Asian nations because of the rise in disposable income, changing lifestyle & stable economic conditions. [25] Dion Weisler, HP’s CEO and president, said, “We are in the midst of a digital industrial revolution that is transforming the $12 trillion manufacturing industry. [26]

Growth rate of Automobile industry is the in the hands of the government due to regulations like excise duty, no entry of outside vehicles in the state, decreasing number of validity of registration period & volatility in the fuel prices. [25] The automobile industry needs smaller cars like Nano and others, which are marketed properly, instead of being marketed as a poor peoples choice. [25]

In the automobile industry, VFM products would be fuel efficient, high mileage vehicles because majority of customers in these nations prefer vehicles for commuting. [25]

The vehicles made in the U.S. are now subjected to 40 percent tariffs, thus making them less competitive with auto imports from Europe, Japan, and especially vehicles made in China. [13] Auto experts also note China as a key supplier to the automotive aftermarket. [13]

Major economic indicators for investing in the automotive sector are auto sales, (already on the decline) employment rate, (117,000 jobs in new car dealerships may be in jeopardy) consumer confidence and interest rates (raised recently by the Fed for the first time since 2008) with auto sales being the most important indicator for the automotive sector. [13] “The implications are huge – the auto, industrial, and medical sectors alone produce billions of metal parts each year. [26] Toyota and Honda continued to increase their U.S. factories, providing jobs for American auto workers. [14] John Bozzella, CEO of the Association of Global Automakers has said, “Retaliation by China to tariffs already in place has made U.S. auto exports uncompetitive and will eliminate our bilateral auto trade surplus.” [13] New car prices are beginning to rise, and auto exports are falling. [13]

President Donald Trump says this will result in more vehicles and auto parts being made domestically. [27] Many midsize to smaller auto parts suppliers could be forced out of business, disrupting assembly plants? productivity and ultimately result in a big hit to automakers? profits. [13] Chairman Hatch and Ranking Member Wyden, On behalf of the Alliance of Automobile Manufacturers, I would like to thank you for holding a hearing on the potentially staggering implications of the Administration?s on-going 232 investigation concerning automobiles and auto parts. [28]

RANKED SELECTED SOURCES(28 source documents arranged by frequency of occurrence in the above report)

1. (63) Automotive industry by country – Wikipedia

2. (15) Shifting Trade Rules and the Future of North America?s Auto Industry

3. (10) What do Tariffs Mean for the Auto Industry & Precious Metals?

4. (9) Tariffs could mean a 2M drop in car sales and cost 715,000 jobs, warns auto industry group

5. (8) China tariffs: List delivers ‘gut punch’ to carmakers, auto industry

6. (6) Trump Nafta Deal Is New Dawn For Auto Industry, But Heres The Catch

7. (6) Car & Automobile Manufacturing in the US. Industry Market Research Reports, Trends, Statistics, Data, Forecasts

8. (5) Emerging Trends Drive Auto Industry to Shift Gears

9. (5) How Well Does Trump Understand Whats Happening Within the Auto Industry? – The Truth About Cars

10. (5) Rattled auto industry braces for ‘extremely painful’ fallout from Trump’s tariffs

11. (5) New tariff list creates risk of downward cycle for U.S. auto industry – Portland Press Herald

12. (4) SWOT analysis of Automobile Industry – Automobile industry SWOT

13. (3) Auto Industry Bailout (GM, Chrysler, Ford)

14. (3) Automotive Industry Articles, Photos, and Videos – Chicago Tribune

15. (3) Automotive Industry Forum Preview: As the Auto Industry Transforms, It Grapples with Issues of Cybersecurity, IP & Connectivity – Manufacturing Industry Advisor

16. (3) Auto Industry Is “Freaking Out? Over Prospect of Tariffs on Cars – Bloomberg

17. (2) What A New NAFTA Deal Might Mean For The Auto Industry | WPSU

18. (2) HPs Metal Jet Printer Will Revolutionize the Auto Industry – Industry Tap

19. (1) Auto industry show Autoline brings attention to collision repair – Repairer Driven NewsRepairer Driven News

20. (1) Rants – Autoextremist.com ~ the bare-knuckled, unvarnished, high octane truth.

21. (1) Tesla deliveries compared to rest of the auto industry – Business Insider

22. (1) The Automotive Industry Hasn?t Begun to Realize Real Disruption Yet – Dealerscope

23. (1) Software Solutions for the Automotive Industry | GE Digital

24. (1) “New NAFTA” Means New Standards For The Auto Industry | WDET

25. (1) News | Alliance of Automobile Manufacturers

26. (1) Auto industry outlook hinges on China sales holding up amid tariffs

27. (1) How Dieselgate saved Germany?s car industry – The Verge

28. (1) Auto Industry Braced for Tougher EU Emission Targets – WSJ