The aspects of the development of the automotive industry in connection with the world financial crisis.

Abstract

There are some aspects of the Automotive Industry Development: 1. Political. Laws and government regulations have affected this industry since the 1960's. In 1966 it was called the National Traffic and Motor Vehicle Safety Act. This act forced manufacturers to improve the safety for passengers, the driver visibility, and the braking of the car. In 1965 the first act set standards for automobile pollution. Then in the 1970's, the Congress passed the Clean Air Act that demanded a 90% decrease in automobile emission within the next six years, which is permanently revised every 4 years. Since that time different countries have put these documents on the basis of their own laws and government regulations.