This new report provides a comprehensive analysis of the automotive market, connector, identifying the size of the platform of the vehicle market, the type of product, size of the contact, and the region of the world light-duty vehicles. Market data is shown for the years 2006, 2007, 2008, 2009 and vehicles 2012. Light subject of this report are defined in passenger cars and light trucks. Light trucks are Sport Utility Vehicles (SUVs) and pick-up truck, rating equal to or less than one tonne.

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The traditional European term Gran Turismo (Grand Touring) was first applied by Italian carmakers in the 1950s when they combined the performance, handling, and style of a 2-seat sport car with luxurious amenities and luggage room for each occupant. BMW’s new Gran Turismo nurtures this tradition in its own contemporary way.

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All cars and light trucks built for sale in the United States after 1996 are required to be OBD-II compliant. The European Union adopted (directive 98/69/EC) a similar law in 2001 for gasoline powered vehicles, and in 2003 for cars with diesel engines.

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The rise in foreign investment has led to the rapid growth of automobile production, its export and developing of a more strong automobile industry. Overseas companies are making huge investments and are installing extensive production capacities in many developing countries. Today, the increase in the purchasing power and standards of living of people has resulted in the increased demand of automobiles especially four-wheelers in the developing nations. The fast pace of life and changes in lifestyles necessitates safer mobility for commuting to and from the work place and for traveling long distances. Research & development has resulted in increased productivity, better quality of automobiles and automotive accessories all across the globe. Low cost vehicles that are scooters and motorcycles have led to the massive growth of some of the fastest developing economies. The future of automotive industry in the developing countries seems bright and promising because of its further growth potential.

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I read an article this morning in the business pages stating that the automotive industry is dead and buried, or at least waiting to be buried because corporate undertakers have been so busy for the past 15 months that there is probably a long waiting list. I couldn’t help but think “are these journalists in the real world?” It’s really scary the stories they put out just to sell a newspaper or fill a small TV or radio news slot. Do journalists, apart from a very select few have any credibility these days or are they employed solely to seek bad news because the ghouls that follow them only want bad news? (more…)