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 ?
Worldwide vehicle sales for PSA Peugeot Citroen fell 9.
75 million units, regaining the top spot it relinquished in 2011 in terms of worldwide vehicle sales by volume.
Fuji Heavy revised down its sales forecast for the period after its worldwide vehicle sales fell below the planned 356,000 units, it said, adding, however, that brisk sales of upper-grade models with higher margins pushed up net profit.
The group announced yesterday that worldwide vehicle sales slipped 500 units in the first half of this year to 1,764,000 vehicles - split one million to Peugeot and 764,000 to Citroen.
auto sales, worldwide vehicle sales have remained firm in recent years, maintaining a 1- to 2-percent growth rate per annum.
Rover's parent company, Phoenix Venture Holdings, said losses had been reduced for a fourth successive year, but that worldwide vehicle sales had dipped by 2.

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