Future of 2020 Automotive Industry Research Paper

Future of 2020 Automotive Industry - Research Paper Exampleof the global financial crisis have been noticeable since early 2008, and the crisis has by at a time proved itself to be the most horrible economic crisis. It is almost similar to the Great Depression of the 1930s. The economic crisis had been impending for some time, ignored by many, due(p) to the accomplishment of an extremely limited amount of products, akin light trucks and sport utility vehicles (SUVs). At this point, it is apparent that the automotive work sector, which is one of the leading service industries, is struck hard by the current economic and financial crisis. With global financial crisis as a starting point, the arrival of a new automated teller in automotive melodic phrase sector is expected. There is increased necessity to predict future prospects and to be ready for it. Clubbed with the current global crisis, various another(prenominal) factors too have largely affected automotive business for exa mple, problems related to energy, sustainable growth, technology growth, aging, natural tragedies, etc. Environmental alterations in the automotive business affect each part of the business, which include its structure and size, its positions and even more than that. Besides global economic crisis, on the whole, change is required to revamp the industry, to and to crucify all the troubles. The unexpected changes required in automotive industry must be established with a long- verge view covering specific areas like generating new business, technology growth, organizational development, etc. There are also various other factors that influence the crisis in automotive industry. Those are long term and short term factors. The short-term factor is simply the unexpected and huge collapse of sales. In an industry or business with high level of set costs, this brings a dramatic effect on the companies. The preceding assessment of the impacts of the economic crisis, and the solutions for t he problems, point out to the following conclusionsBy referring to the alterations for automotive