scroll to top
Stuck on your essay?
Get ideas from this essay and see how your work stacks up
Word Count: 1,775
The automotive industry has a long history with a strong part in the economics of the country We will discuss a brief history of the automotive industry and give a brief overview We will also give a Strengths Weaknesses Opportunities Threats and Trends SWOTT analysis of the industry We will also address the impact of the real Gross Domestic Product GDP the unemployment rate and the inflation rate as measured by the Consumer Price Index CPI We will also include and discuss three economic indicators auto sales personal income and Federal Reserve actions History of the Automotive Industry The automotive industry is the area of commerce that plans designs manufacturers and markets automobile models The automobile industry is concerned with profits and competition with consumer demands for styling safety and efficiency and with labor relations and manufacturing efficiency The first successful self-propelled road vehicle was a steam automobile invented in 1770 by the French engineer Nicolas Joseph Cugnot 1725-1804 The purpose of the self-propelled vehicle was to transport artillery and the vehicle ran on three wheels In Great Britain the inventors William Murdock 1754-1839 and James Watt constructed another form of automobile in 1781 and in 1784 Murdock and Watt produced a model of a wagon that used the power of a high-pressure non-condensing steam engine The British inventor Richard Trevithick built the first automobile built to carry passengers in 1801 In the US the inventor Oliver Evans 1755-1819 obtained the first patent on a steam carriage in 1789 In 1803 he built a self-propelled steam dredge regarded as the first self-propelled vehicle to operate over American roads By 1830 steam coaches were in regular daily use to transport passengers over English roads Starting in 1831 restrictive legislation in England forced the steam coaches off the roads and by 1860 development of self-propelled vehicles virtually ceased Industry Overview The global automotive industry exhibits most of the characteristics of mature industries and closely follows the progress
@Kibin is a lifesaver for my essay right now!!
- Sandra Slivka, student @ UC Berkeley
Wow, this is the best essay help I've ever received!
- Camvu Pham, student @ U of M
If I'd known about @Kibin in college, I would have gotten much more sleep
- Jen Soust, alumni @ UCLA