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Automotive Industry Crisis Of 2008–2010
The automotive industry crisis of 2008–2010 formed part of the financial crisis of 2007–2008 and the resulting Great Recession. The crisis affected European and Asian automobile manufacturers, but it was primarily felt in the American automobile manufacturing industry. The downturn also affected Canada by virtue of the Automotive Products Trade Agreement. The automotive industry was weakened by a substantial increase in the prices of automotive fuels linked to the 2003–2008 energy crisis which discouraged purchases of sport utility vehicles (SUVs) and pickup trucks which have low fuel economy. The popularity and relatively high profit margins of these vehicles had encouraged the American " Big Three" automakers, General Motors, Ford, and Chrysler to make them their primary focus. With fewer fuel-efficient models to offer to consumers, sales began to slide. By 2008, the situation had turned critical as the financial crisis of 2007–2008 placed pressure on the prices o ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Financial Crisis Of 2007–2008
Finance is the study and discipline of money, currency and capital assets. It is related to, but not synonymous with economics, the study of production, distribution, and consumption of money, assets, goods and services (the discipline of financial economics bridges the two). Finance activities take place in financial systems at various scopes, thus the field can be roughly divided into personal, corporate, and public finance. In a financial system, assets are bought, sold, or traded as financial instruments, such as currencies, loans, bonds, shares, stocks, options, futures, etc. Assets can also be banked, invested, and insured to maximize value and minimize loss. In practice, risks are always present in any financial action and entities. A broad range of subfields within finance exist due to its wide scope. Asset, money, risk and investment management aim to maximize value and minimize volatility. Financial analysis is viability, stability, and profitability a ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
North America
North America is a continent in the Northern Hemisphere and almost entirely within the Western Hemisphere. It is bordered to the north by the Arctic Ocean, to the east by the Atlantic Ocean, to the southeast by South America and the Caribbean Sea, and to the west and south by the Pacific Ocean. Because it is on the North American Plate, North American Tectonic Plate, Greenland is included as a part of North America geographically. North America covers an area of about , about 16.5% of Earth's land area and about 4.8% of its total surface. North America is the third-largest continent by area, following Asia and Africa, and the list of continents and continental subregions by population, fourth by population after Asia, Africa, and Europe. In 2013, its population was estimated at nearly 579 million people in List of sovereign states and dependent territories in North America, 23 independent states, or about 7.5% of the world's population. In Americas (terminology)#Human ge ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Tata Nano
The Tata Nano is a compact city car that was manufactured and marketed by Indian automaker Tata Motors over a single generation, primarily in India, as an inexpensive rear-engined hatchback intended to appeal to current riders of motorcycles and scooters — with a launch price of or on 10 January 2008. Tata Motors projected production figures of 250,000 annually at launch. This was not achieved, and various factors led to decline in sales volume, including delays during the factory relocation from Singur to Sanand, early instances of the Nano catching fire or the perception of the car being unsafe and lacking quality due to cost cutting. Actual sales reached 7,591 for model year 2016-2017. The project lost money, as confirmed by former Tata Sons chairman Cyrus Mistry and by 2017 Tata Motors management. In 2017, Tata Motors said manufacturing would continue due to the company's emotional commitment to the project. Production was eventually halted in May 2018. The Sanan ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Tata Motors
Tata Motors Limited is an Indian multinational automotive manufacturing company, headquartered in Mumbai, India, which is part of the Tata Group. The company produces passenger cars, trucks, vans, coaches, buses. Formerly known as Tata Engineering and Locomotive Company (TELCO), the company was founded in 1945 as a manufacturer of locomotives. The company manufactured its first commercial vehicle in 1954 in a collaboration with Daimler-Benz AG, which ended in 1969. Tata Motors entered the passenger vehicle market in 1988 with the launch of the TataMobile followed by the Tata Sierra in 1991, becoming the first Indian manufacturer to achieve the capability of developing a competitive indigenous automobile. In 1998, Tata launched the first fully indigenous Indian passenger car, the Indica, and in 2008 launched the Tata Nano, the world's most affordable car. Tata Motors acquired the South Korean truck manufacturer Daewoo Commercial Vehicles Company in 2004. Tata Motors has ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
State Bank Of India
State Bank of India (SBI) is an Indian multinational public sector bank and financial services statutory body headquartered in Mumbai, Maharashtra. SBI is the 49th largest bank in the world by total assets and ranked 221st in the '' Fortune Global 500'' list of the world's biggest corporations of 2020, being the only Indian bank on the list. It is a public sector bank and the largest bank in India with a 23% market share by assets and a 25% share of the total loan and deposits market. It is also the fifth largest employer in India with nearly 250,000 employees. On 14 September 2022, State Bank of India became the third lender (after HDFC Bank and ICICI Bank) and seventh Indian company to cross the 5-trillion market capitalisation on the Indian stock exchanges for the first time. The bank descends from the Bank of Calcutta, founded in 1806 via the Imperial Bank of India, making it the oldest commercial bank in the Indian subcontinent. The Bank of Madras merged into ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Automobile Industry In China
The automotive industry in China has been the largest in the world measured by automobile unit production since 2008. Since 2009, annual production of automobiles in China accounted for more than 32% of worldwide vehicle production, exceeding both that of the European Union and that of the United States and Japan combined. The traditional "Big Four" domestic car manufacturers are SAIC Motor, Dongfeng, FAW and Chang’an. Other Chinese car manufacturers are Geely, Beijing Automotive Group, Brilliance Automotive, BYD, Chery, Guangzhou Automobile Group, Great Wall and Jianghuai (JAC). In addition, several multinational manufacturers have partnerships with domestic manufacturers. While most of the cars manufactured in China are sold within China, exports reached 814,300 units in 2011. China's home market provides its automakers a solid base and Chinese economic planners hope to build globally competitive auto companies that will become more and more attractive and reliable ov ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Chery Automobile
Chery Automobile Co. Ltd., trading as Chery and sometimes known by the pinyin transcription of its Chinese name, ''Qirui'' (), is a Chinese state-owned automobile manufacturer headquartered in Wuhu, Anhui, China. Founded in 1997, it is currently the ninth largest automobile manufacturer in China, with 0.959 million sales in 2021. Chery's principal products are passenger cars, minivans, and SUVs; it sells passenger cars under the Chery marque and commercial vehicles under the Karry brand. Chery began the production of automobiles in 1999 and their export from China in 2001. It has been China's largest passenger car exporter since 2003, and in 2011 exported around 25% of its total production. It operates Qoros formed in 2007, a 50:50 joint venture with Kenon Holdings, for selling a range of premium vehicles in emerging markets. In 2012, Jaguar Land Rover formed a 50:50 joint venture with Chery dubbed Chery Jaguar Land Rover for the production of Jaguar and Land Rover c ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Production Model
Production vehicles or production cars are mass-produced identical models, offered for sale to the public, and able to be legally driven on public roads ( street legal). Legislation and other rules further define the production vehicle within particular countries or uses. There is no single fixed global definition of the term. Origin In 1896 the term ''production car'' was used to describe a railway carriage that carried the scenery for an opera company. The earliest use of the term ''production car'' being applied to motor cars, found to date, was in a June 1914 American advertisement for a Regal motor car. The phrase was a shortened form of ''mass-produced'' or ''quantity-produced'' car. The phrase was also used in terms of the car to be made in production, as opposed to the prototype. At that time production cars referred to cheaper vehicles such as Model T's that were made in relatively large numbers on production lines, as opposed to the more expensive coach built models. ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
BYD F3
The BYD F3 is a compact car that was produced by BYD and was one of the top selling compact cars in China. Production of the first generation model commenced in September 2005, and facelifts were done in 2014 and 2016 with a few variants spawned including the BYD F3DM hybrid version, and the larger and more premium BYD G3 and BYD L3. The second generation model was launched in 2012 as a more premium option called the Surui. The second generation model was sold alongside the first generation facelift models and spawned the more upmarket BYD Qin which later replaced the Surui and fits inline with the rest of the Dynasty series BYD models. First generation (2005–2021) The first generation BYD F3 commenced production in September 2005. The original F3 is powered by Mitsubishi's 4G-series four-cylinder engines for early models. File:BYD F3 01 China 2012-06-02.JPG, 2005–2014 BYD F3 front File:BYD F3 rear 2 China 2012-04-15.JPG, 2005–2014 BYD F3 rear File:BYD F3R 01 China 2 ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Plug-in Hybrid
A plug-in hybrid electric vehicle (PHEV) is a hybrid electric vehicle whose battery pack can be recharged by plugging a charging cable into an external electric power source, in addition to internally by its on-board internal combustion engine-powered generator. Most PHEVs are passenger cars, but there are also PHEV versions of commercial vehicles and vans, pickup truck, utility trucks, buses, trains, motorcycles, mopeds, and even military vehicles. Similar to battery electric vehicle, all-electric vehicles (BEVs), PHEVs displace greenhouse gas emissions from the car tailpipe exhaust gas, exhaust to the power station generators powering the electricity grid. These centralized generators may be of renewable energy (e.g. solar power, solar, wind power, wind or hydroelectric) and largely emission-free, or have an overall lower emission intensity than individual internal combustion engines. Compared to conventional hybrid electric vehicles (HEVs), PHEVs have a larger battery pa ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
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