The automotive industry is one of America's major industries. The invention of the automobile in the late 1800s revolutionized transportation. It wasn't until 1903 that Henry Ford, with his Ford Motor company, made the automobile available to ordinary Americans. Ford's invention of the assembly line led to the automobile industry becoming a major industry in the American economy. According to Veronica Franco of Market Research said that in 2010 the automotive industry had a global value of 728.3 billion dollars. According to his forecasts, with an average growth rate of 24.1%, like that seen from 2009 to 2010, by 2015 the value of the sector will be equal to 904 billion dollars. What does this mean for the future of this industry? It will continue to grow. To see where the industry is going, you need to look at the past, the present, both the American and global sectors, and future projections. To look at the past of the industry in America we need to narrow down the 16 major auto manufacturers. Three of these businesses are concentrated in America. Ford, General Motors and Chrysler are known as Detroit's big three. Four out of ten employees of these three companies work here in America. The other 13 automakers have on average about 5 in 100 employees working in America. These numbers come from the American Automotive Policy Council. It can be seen that these Big Three have a great influence in America. The automobile has been an icon in America for over a century. Following the creation of the automobile industry, there was the creation of multiple automobile brands owned by one company. This led to the rise of automotive giants, which eventually led to what we know today as the Big Three. In 1910 there were approximately 500,000 automobiles on the road. When Ford started producing Mo...... middle of paper ......where but high. All markets have ups and downs, but the demand for the automobile will always be there. With advancements, cars may be different from how we know them, but that doesn't mean they will fade away. I believe the automotive industry will continue to revolutionize the way we transport and continue to grow for many years to come. The United States has a great market and environment for this growth and I believe it will continue to dominate the automotive industry. Works quoted "Auto industry sails through 80s, revs up through 90s." Orlando Sentinel. NP, nd Web. December 10, 2013."Auto Industry Will Grow to $904 Billion by 2014." Yahoo Finance. Np, nd Web. 09 December 2013."Google." Google. Np, nd Web. December 09, 2013."Industry Facts." AAPC. Np, nd Web. 09 December 2013."The automotive industry since 1960." The automotive industry since 1960. Np, nd Web. 10 December.