In the United States, one city is typically synonymous with the automotive industry. It's challenging to think of an American made car without thinking of Detroit, Michigan, and in recent years the financial trouble the automobile giant has endured. Though foreign manufacturers in Japan and Korea have gained strength and drivers in the US, it doesn't necessarily mean US automakers are done. MSNBC reported in late 2011 that the Big 3 in Detroit - Chrysler, Ford, and GM - enjoyed a nearly 30 percent increase due to a demand in sports utility vehicles and trucks.
Quick Facts About the Automotive Industry
Since 2000, an average of 48 million passenger cars alone have been manufactured annually around the world.
According to Worldometers, China produces one of every four new cars, and more than half of all cars are produced in Asia and Oceania.
Of the approximated one billion passenger cars on the road around the world, close to 25 percent of them are registered in the United States. (Source: International Organization of Motor Vehicle Manufacturers)
According to Businessweek, the top selling car in the world is the Toyota Corolla, with sales of well over 35 million.
Quick Facts About the Automotive Industry
Since 2000, an average of 48 million passenger cars alone have been manufactured annually around the world.
According to Worldometers, China produces one of every four new cars, and more than half of all cars are produced in Asia and Oceania.
Of the approximated one billion passenger cars on the road around the world, close to 25 percent of them are registered in the United States. (Source: International Organization of Motor Vehicle Manufacturers)
According to Businessweek, the top selling car in the world is the Toyota Corolla, with sales of well over 35 million.
