The Automobile Industry

The automobile industry is one of the largest industries on the planet and it is growing larger every year. In 2007 there were more than 806 million cars and light trucks on the road around the world and that number is increasing every year especially in China.

The first truly successful motor vehicle was the Model-T Ford produced by Henry Ford. There had been other mass produced other vehicles before this but Fords methods of production were vastly superior to anyone else’s at the time.

In the modern era there are now thousands of different models of car and hundreds of different car producers. Every year new models of car are brought out to replace the previous years model which stimulates demand. People will often trade in their car after only a year or two of use so that they can have the latest model.

In these cleaner and greener times and with the threat of depletion of oil reserves companies are looking at alternative ways of powering automobiles rather than just relying on petrol and diesel. Cars have been powered by ethanol –made from sugar cane, Bio-diesel and liquid petroleum gas. However most companies are looking at electricity as the future of powering cars although a truly effective cheap and efficient electric car has yet to be produced.

The automobile industry is a huge global employer and spends billions of dollars a year building new cars, researching new technologies and advertising. The automobile is a necessary and vital part of the modern world and life would be very different without it.

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