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Today, however, the plant has also come to symbolise some of the main problems affecting the German car industry as a whole. The Wolfsburg factory is capable of building 870,000 cars a year.
The 2008–2010 automotive industry crisis formed part of the 2008 financial crisis 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 ...
The auto industry is a key component of the U.S. economy. Economists used 2007–2008 data to build estimates of what a shutdown would cost in summer 2008, in order to set benchmarks to help policy makers understand the impact of bankruptcies. Such estimates were widely discussed among policy makers in late 2008. [40]
2 is a precursor to ground-level ozone it may cause respiratory problems "including asthma, bronchitis and emphysema". [209] [210] [211] Nitrogen oxides amplify the effect of fine particulate matter soot which causes heart problems, a form of air pollution estimated to kill 50,000 in the United States annually. [212]
The federal investigation covers select Chevrolet, Cadillac, and GMC trucks and SUVs built with the 6.2-liter L87 V-8 between the 2019 and 2024 model years.
Around 90% of auto exports from both Mexico and Canada go to the U.S., according to the Mexican Automotive Manufacturers' Association (AMIA) and the Canadian Vehicle Manufacturers' Association.
Nevertheless, some other economists mention urban decay and urban sprawl as a negative effect or cost of the automobile, when the city grows due to automobile dependency. [35] Most large cities currently require most of their food to be trucked in by motor vehicle. Historic Paris is a counterexample, using up to 1/6 of its landspace for growing ...
A central concern for the automakers is the cost of labor relative to domestic and foreign non-union competitors, particularly as the industry transitions to electric vehicle manufacturing. [5] The automakers have stated that they anticipate the need to invest a significant portion of their profits from gasoline-powered vehicles into new ...