Auto Industry in the United Kingdom Essay Example | Topics and Well Written Essays - 1500 words

Auto Industry in the United Kingdom - Essay Example Bristol Motors originated and is still based in the UK and Mercedes Benz is a representative of the market of the auto industry in the UK as well. The auto industry is paramount and is significant in the UK as it is to the economies all over the world. According to Auto Industry "the automotive manufacturing sector contributes around 8.4bn added value to the economy, and accounts for 1.1% of GDP, 5.8% of manufacturing value-added and 9.5% of total UK exports of goods. Some 237,000 people are employed in the design and manufacture of vehicles and components. The West Midlands remains the heart of the industry in the UK with around 30% of the industry being based in the region. The UK is home to the world's most successful motorsport industry as well as a range of smaller producers serving specialist markets such as sports and luxury cars, and London taxis. 17 of the top tier one suppliers and around 20 leading independent automotive design firms also have a base in the UK. (2005) The automotive industry is an essential element of the UK manufacturing sector. ... In addition, the automotive manufacturers that are based in the UK have a global effect. The UK has an internationally exclusive quality improvement initiative that is operated and operated by the Society of Motor Manufacturers and Traders' Industry Forum. The purpose of these types of programmes benefit the automotive manufacturers in several ways. An example of these benefits includes increasing h the competitiveness of the companies, which ultimately result in more profits for them. Auto Industry reports, "typical improvements have been in the region of 30% reduction in costs and corresponding improvements in quality and delivery." (2005) As well as the above discussed there are more than a thousand automotive component suppliers that manufacture their products in the UK. These companies include Visteon, Federal-Mogul, TRW Bosch and Delphi. d TRW. "UK-owned component manufacturers like GKN, Unipart and Pilkington are among the most renowned in the world. Top Japanese suppliers, including Ikeda, Yutaka Giken, Denso and Calsonic have been attracted to the country, mainly following in the wake of the Japanese-owned Vehicle Makers." (Auto Industry 2005) taking into consideration what has been discussed regarding the auto industry in the UK; three representative auto companies will be discussed. The companies Bristol, Ford and Mercedes Benz will be used as a discussion as representative companies of the auto industry in the UK. Bristol Cars: ' Bristol Cars is a manufacturer of luxury automobiles that is based in the UK. Bristol manufactures hand-build cards and they are based in Filton, which is near Bristol England, hence the