Shifting Paradigms In The Automotive Industry Essay

Shifting Paradigms In The Automotive Industry - Essay Example The reduction could be due to the combination of an increase in taxes and inflation with a decrease in the income levels. The cars could become less affordable and be perceived as luxury goods (Hubbard, 2004). For the people who have the ability to afford the automobile, they could require tailor made products that meet their needs. This could lead to the reduction of skilled labor with the expertise in the automobile industry. The market share could reduce, skilled labor shortage could occur, and there could be an increase in the demand of tailor made automotive products. The second scenario could be in the manufacturing of high tech automotive products. There could be a need to fit the automotive with devices that could allow drivers to access the internet. The consumers could want the automotive to have the software installed, which could allow them to personalize the interface features of the machine during driving (Ginsberg, 2008). The younger people who form a major part of mid dle-income earners could demand internet connectivity on their automobiles. This could be a compulsory feature for all the automotive if there is a need for a strong and large market share. There could be a need for the development of new business models aimed at the production of high tech automotive products. A valuable strategy for Better Place could better work for the company, in order to gain a large market share and for the production of high tech automotive (Automotive Industrial Strategy).