Automotive Industry

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Automotive Industry

A division of manufacturing that produces, builds, and sells motor vehicles. As driving became more common in the early and mid-20th century, the automotive industry expanded significantly. In the early 21st century, it continued to expand in South America, China, India, and other newly developed countries, though it has stagnated in older markets like the United States and Japan. Most automobiles operate on an internal combustion engine, the use of which has become increasingly controversial because of concerns about emissions.
References in periodicals archive ?
We have in excess of 1,500 automanufacturers in the West Midlands, so even if all400 successful applicants are in our region this is less than a third
is rated double-'A'/stable/'A-1'-plus), one of the leading specialist finance banks in France, and by the PSA Peugeot-Citroen group (Banque PSA Finance Holding is rated single-'A'-minus/negative/'A-2'), one of the two main automanufacturers in France.