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Works Cited McBride, Gordon. Automobile Manufacturing. Career knowledge Center. 2 vols. New York MacMillan Library Reference USA, 1996 p. 98-100 Tardiff, Joseph, ed. Motor vehicles and Motor Vehicle Equipment. US Industry Profiles. New York Gale Research, 1998 p. 394-401 Broughty, throng. Careers in Transport. Chicago The Institute for Research, 1999 Womack, James P., Jones, Daniel T., and Roos, Daniel. The Machine that Changed the World. New York MacMillan Publishing Company, 1990 Farr, Max. Automobile Industry. Hoovers Online. Online. Internet. February 2000 at that place is no industry more present in the human beings-wide community than the simple machine industry. The elevator carmobile has changed the lives, culture, and economy of the people and nations that manufacture and demand them. Ever since the of late 1800s when the first modern car was invented by Benz and Daimler in Ger many an(prenominal), the industry has expectant into a billion dollar industry affecting so many aspects of our lives. There are more than 400 million passenger cars only if on the roads today. During the early part of the twentieth century, the United States was position to more than 90 percentage of the worlds automotive industry, besides has shrunk to about 20 percent in todays world. This forceful change has occurred by the booming economies in such nations as lacquer, Germany, Canada, France, Italy, and new(prenominal) nations. The US auto industry sales totaled $205 billion, or 3.3 percent of the total Gross Domestic Product. (Tardiff 394) By the end of 19th century, thither were about 500 auto manufacturers, only that number dropped sharply to 23 by 1917, and today the Big Three dominate the market. Ford, General Motors, and Chrysler fetch up the Big Three which account for 23 percent of the worlds motor vehicle production in 1997, with the Japanese industries advance in second, producing 21 percent. Germany produces 9 percent, Spain, France, South Kore a, and Canada each produce 5 percent of the international market in 1997. In the US alone, the auto industry, which includes its 500,000 car-related businesses, create 12 million jobs. The automobile is clearly an oligopoly, but each companys control of the market has gradually attenuated because of rising foreign competition. The US has three main auto manufacturers, Japan has five major producers as does Germany. apiece of these companies produce differentiated versions of the equivalent product, have control over their products prices, and rely heavily on non-price competition. Each company produces a new line of cars for each model annually.