Automotive industry in the United States in the context of "Chevrolet"

Play Trivia Questions online!

or

Skip to study material about Automotive industry in the United States in the context of "Chevrolet"

Ad spacer

⭐ Core Definition: Automotive industry in the United States

In the United States, the automotive industry began in the 1890s and, as a result of the size of the domestic market and the use of mass production, rapidly evolved into the largest in the world. The United States was the first country in the world to have a mass market for vehicle production and sales and is a pioneer of the automotive industry and mass market production process. During the 20th century, global competitors emerged, especially in the second half of the century primarily across European and Asian markets, such as Germany, France, Italy, Japan and South Korea. The U.S. is currently second among the largest manufacturers in the world by volume. By value, the U.S. was the world's largest importer and fourth-largest exporter of cars in 2023.

American manufacturers produce approximately 10 million units annually. Notable exceptions were 5.7 million automobiles manufactured in 2009 (due to crisis), and more recently 8.8 million units in 2020 due to the global COVID-19 pandemic.Production peaked during the 1970s and early 2000s at 13–15 million units.

↓ Menu

>>>PUT SHARE BUTTONS HERE<<<

👉 Automotive industry in the United States in the context of Chevrolet

Chevrolet is an American automobile division of the manufacturer General Motors (GM). In North America, Chevrolet produces and sells a wide range of vehicles, from subcompact automobiles to medium-duty commercial trucks. Due to the prominence and name recognition of Chevrolet as one of General Motors' global marques, "Chevrolet" or its affectionate nickname Chevy is used at times as a synonym for General Motors or its products, one example being the GM LS1 engine, commonly known by the name or a variant thereof of its progenitor, the Chevrolet small-block engine.

Louis Chevrolet (1878–1941), Arthur Chevrolet (1884–1946) and ousted General Motors founder William C. Durant (1861–1947) started the company on November 3, 1911 as the Chevrolet Motor Car Company. Durant used the Chevrolet Motor Car Company to acquire a controlling stake in General Motors with a reverse merger occurring on May 2, 1918, and propelled himself back to the GM presidency. After Durant's second ousting in 1919, Alfred Sloan, with his maxim "a car for every purse and purpose", picked the Chevrolet brand to become the volume leader in the General Motors family, selling mainstream vehicles to compete with Henry Ford's Model T in 1919 and overtaking Ford as the best-selling car in the United States by 1929 with the Chevrolet International.

↓ Explore More Topics
In this Dossier

Automotive industry in the United States in the context of Consulate-General of Japan in Detroit

The Consulate-General of Japan, Detroit (在デトロイト日本国総領事館, Zai Detoroito Nippon-koku Sōryōjikan) is a diplomatic mission of Japan. It is located in Suite 1600 Tower 400 of the GM Renaissance Center in Downtown Detroit, Michigan. Its jurisdiction includes the states of Michigan and Ohio.

The Japanese government proposed opening the consulate in order to improve Japan's image with the United States and decrease tensions between the Japanese government and automotive companies. It was also established due to an increase in the numbers of Japanese businesses and residents in the states of Michigan and Ohio. Officials from the American and Japanese governments hoped that the consulate opening would ease trade-related tensions.

↑ Return to Menu

Automotive industry in the United States in the context of WDET-FM

WDET-FM (101.9 MHz) is a public radio station in Detroit, Michigan. It is owned by Wayne State University with its studios and transmitter in the Cass Corridor neighborhood. WDET broadcasts shows from National Public Radio, Public Radio International and American Public Media. The station is the primary provider of news involving the American automotive industry, and the Michigan Association of Broadcasters (MAB) named WDET the 2021 and 2022 Public Radio Station of the Year.

WDET-FM has an effective radiated power (ERP) of 48,000 watts. It is licensed to broadcast using HD Radio technology. WDET-FM's signal covers much of Southeast Michigan and part of Southwestern Ontario.

↑ Return to Menu

Automotive industry in the United States in the context of Ransom E. Olds

Ransom Eli Olds (June 3, 1864 – August 26, 1950) was an American businessman and executive who was known as a pioneer of the American automotive industry, whom the Oldsmobile and REO brands were named after. He claimed to have built his first steam car as early as 1887 and his first gasoline-powered car in 1896. The modern assembly line and its basic concept is credited to Olds, who used it to build the first mass-produced automobile, the Oldsmobile Curved Dash, beginning in 1901.

↑ Return to Menu

Automotive industry in the United States in the context of Rust Belt

The Rust Belt, formerly the Steel Belt or Factory Belt, is an area of the United States that underwent substantial industrial decline in the late 20th century. The region is centered in the Great Lakes and Mid Atlantic regions of the United States. Common definitions of the Rust Belt include Ohio, Indiana, Northern Illinois, southeastern Wisconsin, Michigan, Pennsylvania, and Upstate New York. Some broader geographic definitions of the region include parts of Central Illinois, Iowa, Kentucky, Maryland, Minnesota, Missouri, New Jersey, and West Virginia. The term "Rust Belt" is considered to be a pejorative by some people in the region.

Between the late 19th century and late 20th century, the Rust Belt formed the industrial heartland of the country, and its economies were largely based on iron and steel, automobile manufacturing, coal mining, and the processing of raw materials. The term "Rust Belt", derived from the substance rust, refers to the socially corrosive effects of economic decline, population loss, and urban decay attributable to deindustrialization. The term gained popularity in the U.S. beginning in the 1980s, when it was commonly contrasted with the Sun Belt, whose economy was then thriving.

↑ Return to Menu

Automotive industry in the United States in the context of Motown

Motown is an American record label owned by the Universal Music Group. Founded by Berry Gordy Jr. as Tamla Records on January 12, 1959, it was incorporated as Motown Record Corporation on April 14, 1960. Its name, a portmanteau of motor and town, has become a nickname for Detroit, which is considered the center of the automotive industry in the United States and where the record label was originally headquartered.

Motown played a vital role in the racial integration of popular music as an African American-owned label that achieved crossover success with white audiences. In the 1960s, Motown and its main subsidiary labels (including Gordy, Soul) were the most prominent exponents of what became known as the Motown sound, a style of soul music with a mainstream pop-influenced sound and appeal. Motown was the most successful soul music label, with a net worth of $61 million in 1988. Between 1960 and 1969, Motown had 79 songs reach the top-ten of the Billboard Hot 100.

↑ Return to Menu

Automotive industry in the United States in the context of Automotive industry crisis of 2008–2010

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 Agreement.

The automotive industry was weakened by a substantial increase in the prices of automotive fuels linked to the 2003–2008 energy crisis which discouraged purchases of sport utility vehicles (SUVs) and pickup trucks which have low fuel economy. The popularity and relatively high profit margins of these vehicles had encouraged the American "Big Three" automakers, General Motors, Ford, and Chrysler to make them their primary focus. With fewer fuel-efficient models to offer to consumers, sales began to slide. By 2008, the situation had turned critical as the 2008 financial crisis placed pressure on the prices of raw materials.

↑ Return to Menu

Automotive industry in the United States in the context of Buick

Buick (/ˈbjuːɪk/; BYOO-ik) is a division of the American automobile manufacturer, General Motors (GM). Started by automotive pioneer David Dunbar Buick in 1899, it was among the first American automobile brands and was the company that established General Motors in 1908. Before the establishment of General Motors, GM founder William C. Durant had served as Buick's general manager and major investor. With the demise of Oldsmobile in 2004, Buick became the oldest surviving American carmaker. Buick is positioned as a premium automobile brand, selling vehicles positioned below the flagship luxury Cadillac division.

↑ Return to Menu