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 ?
To keep pace after losing market share in the first quarter compared with the same period in 2014, GM's main venture joined other auto makers in lowering prices.
Earlier this year, the National Highway Traffic Safety Administration has asked auto makers to provide more information on how their air bags work following the 2.
He added that Toyota was the world's largest auto maker because of recent problems at General Motors and would not "despair" at losing the title.
This shows that credit unions are prepared to help fill the void left by Chrysler Financial and that we are stepping up to be on the side of domestic auto makers," said David Adams, CUcorp CEO.
A slowdown in growth of the domestic car market coupled with intense competition is pushing more Chinese auto makers toward overseas markets.
Industry observers say that it is unlikely Latin American auto makers will achieve these results again until 2008.
High-end auto makers like BMW and General Motors' Cadillac division are creating "smart" cars loaded with GPS systems that give voice-activated directions and sensors that automatically call for roadside assistance when air bags are deployed.
Ford sub-Saharan Africa chief executive officer Jeff Nemeth, stated that the region is set to become the auto maker s major growth point.
Nissan, Japan's second-largest auto maker by sales, said its sales in China fell 35 percent in September from the previous year to 76,066 vehicles, and by 20 percent compared with August.
Details are noted in the recent report, Shanghai 2013: Foreign Auto Makers and Suppliers Raising Their Profiles, Chinese Players Reposition Strategies .
Toyota, which recently overtook Ford to become the world's second-largest auto maker, is keen to see the overall market for hybrids grow while promoting its technology and expanding its hybrid line-up.
Also, an American auto maker is developing A and B pillar covers with Senotop IMD film, says marketing manager Andreas Hoellebauer.