Key Issues in the Automobile Sector

‘Key Issues in the
Automobile sector'

Table of Contents
INTRODUCTION...........................................................................................................................3
MAIN BODY...................................................................................................................................3
1. Two key issues effecting Footwear sector...............................................................................3
2. PESTEL Model........................................................................................................................4
3. Discussion................................................................................................................................6
a. Positive impacts.......................................................................................................................6
b. Negative impacts......................................................................................................................6
4. Challenges faced and overcome in preparing reports..............................................................7
CONCLUSION................................................................................................................................8
REFERENCES................................................................................................................................9

INTRODUCTION
The term business environment can be defined as combination of vital range of internal &
external factors which can effect companies financial and non financial performance (Capon,
2009). Thus, it is essential for business entities to focus on conduct proper analysis of
environment in which they exists. The aim of project report is to describe about key issues faced
by chosen sector. In the project report a company is chosen that is Lotus Cars headquartered in
Norwich, United Kingdom (Lotus Cars Limited, 2019). The company is involved in
manufacturing and offering a vital range of cars including racing cars, sports cars and many
more.
The project report covers main issues faced by this sector and its impact on chosen
business entity. Along with way to overcome from these issues is also covered under the report.
MAIN BODY
1. Two key issues effecting Footwear sector.
Overview of Auto-mobile sector of United Kingdom:
The Auto-mobile sector consists different kind of business entities that are involved in
manufacturing, distribution of vital range of electronic products to customers. In the aspect of
United Kingdom, most of the companies who have largest market shares are of Auto-mobile
industry (Comes, 2018). As well as this industry is expected to grow higher in upcoming time
period in a significant manner. Herein, below key issues faced by this sector are demonstrated in
such manner:
 Exit of United Kingdom from Brexit- The United Kingdom exited from the European
Unions which is occurring as a big challenge for all types of entities of Auto mobile
sector. This is acting as challenge for industries of Auto-mobile sector because before
existing of United Kingdom from Brixit, about 81% of vehicles imported and exported
in UK and European countries (Brexit affecting automobile sector, 2019). As after this
incident, demand of auto mobile products have been reduced that resulted as decreasing
in production level of business entities. As well as companies of United Kingdom are not
able to make any kind of financial and non financial transactions with business entities
of Europe. Along with another issue that raised because of exit of UK from Brexit is