Project One: Executive Summarysouthern New Hampshire Univers

Project One: Executive SummarySouthern New Hampshire University BUS 225: Critical Business Skills for Success 09:05:56 GMT -05:00Project One: Executive SummaryProblemSince the COVID Pandemic hit the U.S. in 2020, the automotive industry was seeing a decline in the amount of cars sold. Before the pandemic hit the U.S vehicle sales since 2015 were over 17 million. For this executive summary I will discuss the trends and data of the U.S. automotive manufacturing industry. When a company diversifies it helps expand into new markets and industries. Throughout my presentation, I will be using both qualitative and quantitative date to explain why I think the company should consider exploring into the electric motor industry.Automotive Manufacturing IndustryAfter researching the automotive industry's status, the 2022 measured revenue of the U.S. car and automotive manufacturing industry was $ 41 billion. In the previous years, such as 2021 at42 billion, 2020 at 39.8 billion. Since 2020 it looks like the automotive manufacturing industry revenue continues to climb slowly. The automotive industry seems to be very well established in the California region, which consist of 78 establishments. the most successful industry operator is Ford Motor Company with 34.43% market shares and 5.7% in annual