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 ?
GR: The automotive industry is one of the economic sectors that has benefited the most from the heavy foreign direct investment inflows after the change of regime.
For the automotive industry, one of the biggest gains in a higher voltage system comes in wiring and signal distribution.
President of the HIPA Rbert sik said that in his opinion the significance of the automotive industry in Hungary lies in the fact that out of all of the sectors of the economy, this is the one that provides the most opportunities to link to international value chains.
'We are more than happy to facilitate and we have automotive counterparts in Japan who are willing to accept our graduates for job training there,' he said, adding that the move could help the local automotive industry thrive and become more resilient, especially in the car component manufacturing sector.
The automotive industry is developing at the fastest pace in Bulgaria, ahead of the pace of development of the IT sector, tourism and metallurgy and the measures taken in its support, Stanislavov said.
In his remarks during the opening ceremony, Muhammad Lutfi said that investment in automotive industry is a crucial one since it is able to create added value.
* In 2017, Germany's domestic internal automotive industry R&D expenditure rose two percent to EUR 21.9 billion, equivalent to 35 percent of Germany's total R&D expenditure.
The Automotive Industry Development Program, launched by the South African government in 1995, provided significant incentives to exports and has encouraged worldwide motor vehicle producers to award production contracts to South African plants.
The idea is to hold a promotional event, during which the opportunities of the Bulgarian automotive industry will be presented.
In a press release, the initiators of the Swiss Association for Automotive Transformation (SAAT) write that previously there were no platforms available for experts and innovators in the area of the automotive industry to exchange information.
Beijing Automotive Industry Holding Company, a China-based automaker, is aiming to purchase a five percent share in Germany-based Daimler AG (NYSE: DAI), Reuters has reported citing certain sources.
M2 EQUITYBITES-May 13, 2019--Beijing Automotive Industry Holding Company aims to purchase five percent share in Daimler

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