Comp and Lit

Comp and Lit 1 March 1, 2011 Future of the Auto Industry in America: American Auto Industry Has Bright Future As we all know the American simple machine industriousness crumbled in 2008 only to reemerge smaller and healthier in years since its collapse. The effort has a positive outlook for the future which includes creating more manufacturing jobs, and expanding its come about overseas to emerging markets such as China and India which to a fault happen to have the worlds two largest populations. in any case in the foreseeable future for the auto industry are hybrid, electric automobiles, and fuel cells to combat the high rising cost of gas. President Barack Obama, in the heart of the U.S. auto industry, told a meeting of workers that the political sympathies bailouts of General Motors Co. and Chrysler Group LLC are giving taxpayers a return on their investment (Bloomberg.com). The Obama Administration was strong advocates of the bailout package for the US auto industry which totaled 84.8 billion dollars. Since GM and Chrysler exited failure a little more than a year ago, the industry -- including Ford Motor Co., which didnt seek federal advocate -- has re-hired 55,000 workers after shedding 334,000 in the year before (Bloomberg.com).

(The whopping Three American Automakers have reported Profits for the head start Quarter of 2010) that is the first profits recorded for any of the big(a) three since 2004. In 2010 GM put out its humans initial offering in the New York stock step in and the IPO was a success which validated the Obama administrations advocacy for government intervention in the American auto industry. New car sales in America have rose 5% in 2010 and experts are prevision a significant increase for 2011. Experts predict U.S. automakers sales will grow significantly. In 2011 JD indicant raised its forecast for 2011 to 13 million autos. Optimism is increasing for the auto industry following a stronger outlook for the economy, Jeff Schuster, director of forecasting at J.D. Power, said in a... If you want to get a full essay, order it on our website: Orderessay

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