ford ranks second in the auto industry.
where does ford rank in the auto industry?
second
in 2010 the sales rebounded and began increasing again. the auto industry predicted a growing demand in pakistan and invested over during this decade. motorcycle production hit a record level in 2016–17, with 2.5 million units made. in 2015, the auto policy 2016-21 was introduced, to help lure new automakers, which has traditionally been dominated by honda, toyota and suzuki. the auto industry remains the second-largest payer of indirect taxes after the petroleum industry in pakistan. at present, there are 10 cars for every 1,000 people in pakistan. this is one of the lowest ratios among emerging economies, which itself speaks of high potential of growth. rising per capita income with changing demographic distribution and an anticipated influx of 30 to 40 million young people in the economically active workforce in the next decade will provide a stimulus to the industry to expand and grow.
automotive industry in pakistan
during the 2008 presidential primary campaign, romney had distinguished his prescription for the automotive industry from rival candidate john mccain's by calling for a five-fold increase, to $20 billion per year over five years, in federal funding for research and development in energy, fuel technology, materials science, and automotive technology. in a january 14 speech, he stated, "i'm not willing to sit back and say, ' ... too bad for the people who've lost their jobs. they're gone forever.'" as the automotive industry crisis of 2008 arose amidst the near collapse of the private-sector credit market and banking industry in late 2008, romney argued against a bailout with direct government loans of the auto industry. he proposed that struggling auto manufacturers should undergo managed bankruptcy, after which they should seek loans from the private-sector credit market with government-backed loan guarantees. writing in an op-ed article published in the "new york times" in november 2008 (his original title had been "the way forward for the auto industry" but the editors published the article under the title "let detroit go bankrupt"), romney said, "if general motors, ford and chrysler get the bailout that their chief executives asked for yesterday, you can kiss the american automotive industry goodbye." in referring to his proposal for managed bankruptcy, he said "[i]t would permit the companies to shed excess labor, pension and real estate costs." the obama administration ultimately implemented managed bankruptcy reorganizations of the general motors and chrysler corporations in combination with the direct government financing that romney had opposed, after which romney said that he deserved credit for the auto industry's recovery.
political positions of mitt romney