Archive for category Auto Industry
History of the Automobile Industry
Posted by in Auto Industry on August 22, 2011
What began as a self-propelled mechanical experiment in 1769, has now grown into an industry that caters to every budget and concept of a road-worthy vehicle. The journey of the automobile industry from the Cugnot three wheeler, to the plush super car of today has been long, but empowering…
Your automobile is probably the second most important investment made, after the home. The simple or swanky addition to your persona has a fascinating history and makes interesting reading. The cars on the road today are the products of consistent progression, from horse-drawn carts to modern day automobiles. The primary function has always been transporting passengers, with the help of a built-in motor or engine. The use of these babies on the road for flaunting is restrained mostly to the rich, who can afford the burn-out of fuel for a frivolous indulgence. Automobiles or motor-cars are designed to seat between one and eight people. They run on four wheels, but may be customized further according to the need and type of transportation.
The transgression of the French ‘automobile’ and the Greek autos and Latin ‘mobilis’ is a journey from strength to strength. In the initial years, the ‘movable vehicle’ was propelled either by an animal or another self-movable vehicle. The word we use, ‘car’, comes from the Latin word ‘carrus’ and refers to a wheeled caravan.
History of the Automobile Industry:
The credit for the first ever ‘designed’ automobile is shared. But, careful consideration of the records enables a realization that surpasses the names and designs. The sheer genius of the involvement is fantabulous. In 1769, Nicolas-Joseph Cugnot built the first self-propelled vehicle that was mechanized. The idea rooted, witnessed a number of subsequent efforts made towards taking the unstable three-wheeler a step further. Ferdinand Verbiest designed the first vehicle that was steam-powered, in 1672. However, this toy for the Chinese Emperor was in fact the first auto (self propelled) mobile (vehicle)! Richard Trevithick is credited with the first road worthy locomotive, designed in the year 1801.
Read the rest of this entry »
Bush Promises Help for Auto Industry
Posted by in Auto Industry on August 22, 2011
President Bush has stated that his administration is working quickly to develop an aid package for the auto industry in the hopes of avoiding the imminent bankruptcies of GM and Chrysler.
In a shift of sorts from his previous stance that the auto industry would not be granted access to the funds in the $700 Billion financial industry bailout, President Bush is now saying that all options are open to his administration as they try to find a solution to the auto industry meltdown. As concerns continue to mount that General Motors and Chrysler are going to be forced into bankruptcy as early as the end of this year, lawmakers have been unable to reach a compromise on just how to save the auto industry and its thousands of American jobs.
Analysts are pointing to the fact that the only real negotiations occurring at this point are internal on the side of the government and the administration. The auto industry needs the money, regardless of the terms under which the U.S. provides it. Whether the UAW or the companies themselves have problems with the terms, it simply doesn’t matter. Either accept the terms and keep your jobs and companies, or go find new jobs and companies. So, it really will depend on how much control the government wants to have over the auto industry and its determination of the best course of action once a bailout package is provided.
Read the rest of this entry »