In: Economics
write an industrial research on German automobile industry and should include specifying the industry German automobile, stating some significant industrial features, elaborating the existing problems and the opinions for the solutions or prospects of the industry and other stuff?
The german automotive industry is one of the major industries worldwide and is the backbone industry of germany having a large number of employees working under this field. German automobile industries are famous for manufacturing modern cars in all aspects. They are also the largest competitive among other automobile industries. They achieved the third position in the total car production among the world and fourth position in the motor vehicles production among the world.
Volkswagen tooks the fist position among the vehicles produced in german market and it is the most common brand in germany. Germany is also one of the strongest companies in the production of autonomous driving vehicles among the world.
German made cars are highly recognized due to its modern innovation technologies, safety features, excellence in design and reliability of the vehicles. The highly qualified workforce in german automobile industries favoured more for its growth. Seventy percent of the whole branded vehicles in the world are german made. They also had a good investment on research and development sectors inorder to provide new manufacturing ideas both in innovation and design areas of the vehicles.
But the geramn automobile industry is also facing some challenges. In september of 2015, the Environmental protectiom agency had issued a notice to german volkswagen company on violence of clean air act. Thus the company faced a severe crisis and amny problems on enforcing new emmision systems in the vehicles. Many of the brands faced problems in certification issues of their vehicles.
They also faced the problems of potential downturn. Due to the opening of international trade, the tariffs implemented on the vehicles are high. Thus the companies have to increses the price of the vehicles which also produced a negative impact on the sales.
Inorder to solve the problems and compete in the market, the german automobile industries are creating new innovation technologies in thier vehicles which begins with the concept of electric cars. Now all their famous branded vehicles are available in electric fuel vehicles.
They are also engaging in autonomous driving technologies in which the car itself drives.They are also investing in technologies like the self finding of parking lots or self parking systems in vehicles. Thus a driver's job can be minimized. These technologies can attract new customers in the future years.
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