How the Global Economic Downturn affects the Auto Industry

The auto industry has seen a shift in focus mainly due to the demand for greener and smaller yet efficient vehicles. In the past, people tend to select the biggest and baddest vehicle they can get their hands on, before the economic downturn that is. Some of the biggest names in the auto industry have been jolted to shed acquired brands, streamlining their product lines to time tested models that are sure to sell.

Recent advances in alternative fuels have also affected the way cars are made, used and recycled. High gas prices gave hybrids and plug-in electrics have begun to creep slowly. Gone are the days of the powerful yet gas guzzling vehicles of the past and in comes the era of the hybrid and alternative fueled cars.

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