Tesla (electrocar) Essay Example | Topics and Well Written Essays - 1750 words

Tesla (electrocar) - Essay Example The use of electric cars is increasing in all economies in the current epoch. A battery stored electrical energy or electric motor helps to run the contemporary electric cars manufactured by Tesla Motors. The modern electric cars produced by Tesla comprises of efficient electric motors that facilitates in generating torque. Torque helps to generate smooth and strong acceleration to such cars. The Tesla electric cars are considered to be the safest cars in the automobile market. There are many car models of Tesla:- Model S: a 7 seating electric car generating no emissions. 265MI EPA range of certification. 4.2 sec, 0-60 (acceleration). Model X: comprising of a dual motor, one of the motors is well equipped to work well in all road and climatic conditions, generating a torque of 50%. 5 sec, 0-60 (acceleration). It has a 60 or 85 kWh powered battery. The model uses does not uses any gasoline. The firm has planned for its new designed electric car, Model X Design Prototype, the car would be launched for sale from 2014 and its price would be that of Model S. All the products of Tesla are eco friendly and unique in style (Teslamotors, 2013). Other Large Competitors. Vehicule Electriques Pininfarina Bollore, BYD Auto, Nissan and Renault are four giant automobile companies that have launched excellent models of electric cars. Such cars symbolize class, status and environmental consciousness of the users. SIC Codes. The Standard Industrial Classification Code (SIC) of the automobile industry in United State is 37111. Trade Magazines and Labor Unions. The automobile firms like Tesla require large number of laborers for its manufacturing, operational, marketing and retail outlets. Several trade magazines have talked about the good virtues of the automobile industry facilitating high employment generation. However, it should also be considered that when the number of employees in an industry is high, the bargaining power of the workers rises. Labor union leaders ensure int erests of the employers in the workplaces. It has been empirically observed that the strong labor unions of the automobile market in U.S. have compromised the competitive powers of the companies in the global market. In the last thirty years it has been found that the labor union leaders have forced American firms to increase the level of trade barriers. Labor unions have made U.S. automobile companies lose their market shares to the foreign rivals. The labor unions demand for high wages from the companies. Delphi pays $76/hr to its workers. It is estimated that in every car sales of a company in U.S., the labor union achieves a benefit of $2000. Sometimes the big automobile companies like Ford have ceased some of its operating plants for pricy labor costs (Teslamotors, 2013). Figure 1: U.S. Auto Labor Markets (Source: Author’s Creation) The above graph shows the U.S. auto market, high intervened wages rates set by the labor unions reduce the quantity of car produces and incr eases the cost prices. It generates a deadweight loss into the industry. Imports and Exports. Despite of the disturbances of labor unions, U.S. auto industry enumerated a surplus trade balance from 2010 to 2011. The aggregate imports and exports of cars across the world on average in U.S. have increased. The percentage change in imports is 12.4% and percentage change in exports is 17.9%. On total, aggregate sales have increased and have changed by 7%. However, when regional disparities are

Business Ethics and Social responsibility (An Ethical Analysis of Essay

Business Ethics and Social responsibility (An Ethical Analysis of (Nike) ) - Essay Example Nike has also become one of the world’s leading sportswear and equipment providers with revenues exceeding 18.6 billion in supplies for athletic shoes (Yu). Although based in the US, the company continues to provide excellent quality products to its customers and to maximize its profits all over the globe, with the swoosh becoming one of the most iconic brand symbols of all time. In 2009, Nike was employing 30,000 people in different 52 countries all over the world (Yu). Nike began as a small retail outlet in the car of Phil Knight in January 1964. Its founding fathers, Bill Bowerman and Phillip Knight, were initially disappointed by the sales that they were making. They paid a university student to make a logo for their products that would help to attract more recognition to the brand (Yu). Over the past five decades, the company has risen to remarkable fame, and the UK marketing manager for Nike attributes this fame and success to the firm and resolute vision of the company. He observes. â€Å"Absolutely everything we do is motivated by the fact that we’re here to enable athletes to be even better. We know who we are. We know what we want to achieve and we go for it 100 per cent of the time† (Yu). Nike has several brand names such as Nike Pro, Nike Air Max and Nike Football, and works with subsidiary names such as Umbro, Cole Haan and Converse. Along with producing sports gear and equipment, Nike also operates widely in retail stores under the ‘Nike Town’ profile. Many high profile athletes have benefited from Nike sponsorships deals promoting the ‘swoosh logo’ and ‘just do it’ trademarks. According to the Global Alliance report on the factories making Nike products in Indonesia, about 58% of the employees are young adults aged between 20 and 24 years. Moreover, 83% of the labour is female. Half of the