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- For example, city car sales in Indonesia have plunged dramatically since the launch of the LCGC.
- Ford and Lio Ho Group have a joint venture called Ford Lio Ho, Ford owns 70% and Lio Ho Group owns 30%.
- In order to accelerate applications in vehicle environments, W3C launched the Automotive Working Group.
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A successful transformation is enabled by IBM’s advanced automotive technology, experience and expertise. Digital transformation helps automotive companies improve competitiveness today while preparing for the new tomorrow. However, it is difficult for Indonesia to boost its car exports because the nation’s automotive industry is still at the Euro 2 level, while other nations are already at Euro 5 . Other issues that limit car exports are concerns about safety standards and technology. Although the relatively new low-cost green car has gained popularity in Indonesia , most Indonesians still prefer to buy the multipurpose vehicle . Indonesians love the MPV, known as “people carriers”, as these vehicles are bigger and taller than most other car types.
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The remaining driver of growth in global car sales is the overall positive macroeconomic development, including the rise of the global consumer middle class. With established markets slowing in growth, however, growth will continue to rely on emerging economies, particularly China, while product-mix differences will explain different development of revenues. The automotive industry began in the 1860s with hundreds of manufacturers that pioneered the horseless carriage. For many decades, the United States led the world in total automobile production. In 1929, before the Great Depression, the world had 32,028,500 automobiles in use, and the U.S. automobile industry produced over 90% of them.
Dongfeng Motor has a 50-50% joint venture with Honda called Dongfeng Honda. Changan Automobile and JMCG have a joint venture called Jiangling Motor Holding. The OICA counts over 50 countries which assemble, manufacture or disseminate automobiles. Of that figure, only 14 countries currently possess the capability to design original production automobiles from the ground up. Product Development Auto manufacturers can differentiate themselves through new technology, but research and development is expensive.