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Essay / Automotive Industry Essay - 708
As automobile manufacturers from Japan, China, and Europe began to expand into the United States, they took a large portion of their business. This situation is causing US-based companies such as Ford and General Motors to lose not only money but also market share. It is clear that this situation is not sustainable and that it must be remedied if we want these companies to remain solvent. As the United States and the world as a whole urbanize and become less rural, the demand for automobiles will begin to decline. While the idea of taking the bus or other forms of public transportation was recently looked down upon, public transportation is becoming popular and even encouraged. Cities are now starting to work on improving public transportation in the form of buses, buses and trams. This situation has also been driven by the surge in oil prices in recent years. One can only imagine, as oil becomes scarcer, how much it will cost to fill up a tank of gasoline. For situations where one may need a car, ideas like Uber and carpool clubs offer city dwellers convenience without the costs and overhead of ownership. Growing concern about carbon emissions and the effect of fossil fuels on our environment also play a role in the public's slow shift away from the automobile. These factors combined will slowly lead to a reduction in demand for personal services.