What is the comparative growth, both in absolute terms and in percentage terms from 2010 to 2015 for the automobile industry in each of the BRIC countries and how might that impact your decision on prioritizing the countries in your global business strategy?© BrainMass Inc. brainmass.com June 4, 2020, 1:43 am ad1c9bdddf
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Running head: STRATEGY
Comparative Growth and Strategy Adoption
The automobile industry of Brazil is growing extensively. Many international companies like Chevrolet, Ford, Volkswagen, etc. are running their business in this country (Semple, 2011). Automobile industry of Brazil is beneficial for its economy growth. Brazil, automobile industry is the 4th largest automotive market in 2010 as compared to other country because the vehicles sale in 2010 was 3.52 million, up 12% from 2009 and production was 2.27 million in 2010 that was high as compared to 2009.
Brazil is the 6th largest producer in the automobile industry. China is the biggest competitor of Brazil because it sells the vehicle on competitive price. 2014 FIFA World Cup and 2016 Olympics will be beneficial for Brazil automobile industry because these events will positively affect on this industry (Semple, 2011). It is assumed that expected growth rate of this industry will be 5-7% from 2011 to 2015. Due to high market growth Toyota, Fiat and Hyundai will increase the number of plants in Brazil.
Russia automobile industry is adverse impacted by economic crises of ...
The expert determines what is the comparative growth both in absolute terms and in percentage terms from 200 to 2015 for the automobile industry in each of the BRIC countries. How it might impact your decision on prioritizing the countries in the global business strategy is given.