Author: gjeong

As I went over the materials from the class, I decided that answering the question, “Are the Detroit Three Back?” was one of the key…

In 2011, one of the largest earthquakes in history, known as the 2011 Tohoku earthquake, rocked the coast of Japan, followed by a devastating tsunami.…

Hyundai Motor Company, South Korea’s largest automaker, will install South Korea’s largest rooftop photovoltaic power plant at its manufacturing factory in Asan, Korea. A rooftop…

Forbes has recently (April 17, 2013) revealed the top 10 of the world’s most profitable car brands. This ranking was assigned based on sales, profits,…

As Mr. J Mays emphasized today, China’s auto industry has become an extremely important market. It has already become the world’s largest auto industry and it…

Who would have ever thought that a foreign company would be the world’s largest automaker (in terms of total annual sales- in 2007)? During 1970s, GM owned about 60 % of the entire U.S. automobile market, but today, it only has about 24~25% market share (about one third of what it once had.) As we talked about in the class, there have been several factors and reasons why Detroit 3 fell. One major reason we talked about is the poor management. While foreign companies worked hard to improve cars like Camry, Civic, etc GM and Ford did not “really” worked hard due to their oligopoly positions.

The automotive industry in China has already beaten U.S. and E.U. car markets and has become the largest in the world. This means that domination of the market by Chinese has become an extremely important issue among the car manufacturers. As you can see below, during March 2013, VW dominated the market.  Out of top 10 models of best seller, 6 were VW’s.