Economy issue of Automotive industry
Around the world, there were about 806 million cars and light trucks on the road in 2007, consuming over 980 billion litres (980,000,000 m3) of gasoline and diesel fuel yearly.7 The automobile is a primary mode of transportation for many developed economies. The Detroit branch of Boston Consulting Group predicts that, by 2014, one-third of world demand will be in the four BRIC markets (Brazil, Russia, India and China). Meanwhile, in the developed countries, the automotive industry has slowed down.8 It is also expected that this trend will continue, especially as the younger generations of people (in highly urbanized countries) no longer want to own a car anymore, and prefer other modes of transport.9 Other potentially powerful automotive markets are Iran and Indonesia.10 Emerging auto markets already buy more cars than established markets. According to a J.D. Power study, emerging markets accounted for 51 percent of the global light-vehicle sales in 2010. The study, performed in 2010 expected this trend to accelerate.1112 However, more recent reports (2012) confirmed the opposite; namely that the automotive industry was slowing down even in BRIC countries.8 In the United States, vehicle sales peaked in 2000, at 17.8 million units.13
Cars and costs - from Wikipedia
In countries deprived from wide door-to-door public transport and with low density, such as Australia, the automobile plays an important role on the mobility of citizens. Public transport, by comparison, becomes increasingly uneconomic with lower population densities. Hence cars tend to dominate in rural and suburban environments with public economic gains.
The automobile industry, mainly in the beginning of the 20th century when the high motorization rates were not an issue, had also an important public role, which was the creation of jobs. In 1907, 45,000 cars were produced in The United States, but 28 years later in 1935 3,971,000 were produced, nearly 100 times as many. This increase in production required a large, new work force. In 1913 13,623 people worked at Ford Motor Company, but by 1915 18,028 people worked there.10 Bradford DeLong, author of The Roaring Twenties, tells us that, "Many more lined up outside the Ford factory for chances to work at what appeared to them to be (and, for those who did not mind the pace of the assembly line much, was) an incredible boondoggle of a job.10" There was a surge in the need for workers at big, new high-technology companies such as Ford. Employment largely increased.
Turbofan Jet Engine
Main article: Jet engine
Turbofan Jet Engine
Jet engines use a number of rows of fan blades to compress air which then enters a combustor where it is mixed with fuel (typically JP fuel) and then ignited. The burning of the fuel raises the temperature of the air which is then exhausted out of the engine creating thrust. A modern turbofan engine can operate at as high as 48% efficiency. 24
There are six sections to a Fan Jet engine: