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.
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References in periodicals archive ?
IPC President Hajime Koso attributed the brand's continued success to Isuzu's global reputation as a world-class truckmaker, the adaptability and versatility of its trucks, and the full after-sales service of an extensive nationwide dealership network.
GM, the largest US automaker, told USTR Envision sales in China and the United States would generate funds 'to invest in our US manufacturing facilities and to develop the next generation of automotive technology in the United States.' Geely, which paid Ford Motor Co $1.8 billion for Volvo in 2010, also has stakes in Mercedes-Benz parent Daimler, truckmaker AB Volvo and Lotus.
(NASDAQ: RAIL) has entered into an asset purchase agreement with US-based truckmaker Navistar, Inc.
DPA Brussels The European Commission has fined Swedish truckmaker Scania 880 million euros (1.03 billion dollars) for participation in a price-fixing cartel that spanned more than a decade.
Similar belt-tightening is happening in Ingolstadt, where VW's Audi brand is based, OsnabrE-ck and Salzgitter, both of which have facilities that respectively produce VW's Tiguan SUV and truckmaker MAN's TGS and TGX heavy trucks.
Swedish truckmaker Volvo reported better than expected second-quarter earnings on Tuesday as cost cuts and rising European sales helped fortify it against slumping U.S.
Time also seems to be running out for the Serbian government to find a buyer for loss-making truckmaker FAP Corp.
VW hired ex-Daimler executive Renschler last year to align its truckmaker MAN with its Swedish subsidiary Scania, and carve out a global business to better compete with Daimler and Volvo.
"It's not the technology that will set the roadmap, it's the legislation and the standardisation of protocols," said Lars-Gunnar Hedstra...m, head of Systems Development at Swedish truckmaker Scania.
Tata Motors, the nation's biggest truckmaker and owner of Jaguar Land Rover, tumbled 2.8% to Rs287.8, the most since June 26.