Global Sustainability And Key Needs In Future Of Automobile Industry Research Paper

Global Sustainability And Key Needs In next Of Automobile Industry - Research Paper ExampleThe financial concerns do impact the sustainability of the future of the machine industry, but another factor that has more impact is the increasing environmental concerns surrounding the industry. The global fruit in vehicle use has signifi crouptly increased fuel demand, materials and air emissions (Mcauley, 2003). consort to the statics provided by Euromonitor external (2007), the global oil consumption for transport was approximately 16.8 billion barrels. In terms of PESTEL analysis for the railway car industry, the use of oil is causing environmental concerns all around the world. As a result of the environmental threat, the automobile industry faces the challenge of reducing the vehicle impact on the environment so that it can be sustainable in terms of the environment over the next 50 years (Mcauley, 2003). This emphasizes the immensity of innovation in terms of technology to achiev e greater sustainability in the future.This research testament counseling on the future of automobile industry by evaluating the present conditions the industry is in and the achievement towards sustainable development while assessing the potential challenges and problems that argon causing a hindrance in this regard. The research will take into account two automobile manufacturers Toyota and General Motors and evaluate its sustainable development goals and assess if they are successful or not. The reason for doing so is to identify the problems and solutions based on the experience of Toyota and General Motors.According to the Toyota European Sustainability Report (2009), the UK automotive industry is at present facing huge challenges which are turn more complex given the economic downturn in the region and globally.