The automotive manufacturing industry aims to make the Philippines a competitive manufacturing base of motor vehicles and parts and components, serving both the domestic and export markets, and a global hub for automotive-related human resource development and process outsourcing. Just because you read a lot of articles in the newspaper, or page through magazines like Road and Track, or Car and Driver, or read articles in the Wall Street Journal about the automotive sector does not mean you know what you’re talking about. If it determines that the combination of forces in the industry act to reduce profitability, it is saying the industry is unattractive.
Emancipation – Some of the constraints holding back the car industry will be removed, but those will have to do more with engineering advancements instead of the government relinquishing control. Before we begin our shopping, we should update ourselves based on the industry news and trends.
Ratio Analysis, Historical Trend Analysis, Judgmental Forecasting and Cause and Effect Analysis. Hyundai is even offering to allow customers to return their new cars if they lose their jobs. Below is a web link to a pdf file that describes the design process and stages in the automotive industry.
According to this second analysis, the threats of substitute products, bargaining power of customers, and rivalry among competing firms are high, and are unfavorable to industry profitability. The report foresees bright future for hybrid car market worldwide, giving in-depth analysis of the factors which will fuel growth into this market …