Today’s economies are dramatically changing, triggered by development in emerging markets, the accelerated rise of new technologies, sustainability policies, and changing consumer preferences around ownership. The outstanding contribution of the automotive industry to technological advance was the introduction of full-scale mass production , a process combining precision, standardization, interchangeability, synchronization, and continuity Mass production was an American innovation The United States, with its large population, high standard of living, and long distances, was the natural birthplace of the technique, which had been partly explored in the 19th century.
The reasons for Detroit’s predominance were based on its well-established carriage, bicycle and boat-engine industries, the excellent road system in the surrounding region, and the entrepreneurship and innovation of some of its earliest automotive pioneers.
Ford Motor Company holds a 3% stake in Mazda , a 12.1% share in Aston Martin , a 49% share in Jiangling Motors Ford and Navistar International have a 50-50 joint venture called Blue Diamond Truck Ford and Sollers JSC have a 50-50 joint venture called Ford Sollers Both Ford and Koç Holding own a 41% stake in Ford Otosan Ford and Lio Ho Group have a joint venture called Ford Lio Ho , Ford owns 70% and Lio Ho Group owns 30%.
The Center for Automotive Research, an independent research group that gets some funding from automakers, predicted harsh outcomes if GM and Chrysler went belly up. Beyond the immediate jobs lost, there would be a partial collapse of the supplier industry that would lead to a 50 percent drop in production at Ford and the American-based foreign car plants.
Increasing competition from imported cars and from new manufacturing operations established by European and Japanese firms continued to reduce the share of the American market controlled by the four domestic manufacturers through the remainder of the 20th century.