Luxembourg at the crossroads of the European automotive market. Fairly than opposing Tesla, as some auto makers have, U.S. OEMs should view this potential change as a possibility to innovate. After vehicle production dipped beneath 6 million items in 2009, manufacturing more than doubled to over 12 million passenger autos within the United States in 2015.

For example, in 2014, Ford changed the steel in its popular and extremely profitable F-collection truck with aluminum in an effort to reduce weight and enhance gasoline efficiency, a move that would have scared off clients who believed that the lighter material was much less rugged.

To achieve a robust gross sales foothold in the ME&A, automakers must even have a substantial manufacturing unit and distribution presence. For instance, automotive firms design their merchandise once, in a painstaking 5-year-long growth cycle. Furthermore, the growing interest of the businesses in exploring the agricultural markets additional …

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