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 ?
Luxury car makers like Mercedes- Benz, Audi, BMW and Volvo always had airbags and ABS as safety equipment in their models sold in the domestic market.
These car makers are investing 500 million yen for this project excluding another 500 million yen, the Japanese government is offering for the same project.
For the fiscal ended 31 March, 2014, the car makers in India posted a decline of 4.
The sales have plummeted and monthly sales records have touched a new low but the car makers are seemingly unfazed despite the low sales.
The car maker announced last year it would start manufacturing vehicles in China for the first time, after agreeing a PS1 billion joint-venture with Chinese car maker Chery.
Under an agreement with Daimler AG's (ETR:DAI) Mercedes, Investindustrial will serve as a technical partner on the deal, whereas the German car maker will provide engines, gearboxes and other technical expertise and take a small stake in the UK firm in the future.
But he admitted he was concerned about the impact of the euro-zone crisis on the car maker.
A control unit produces a consistent high-contrast, brilliant image," the Sydney Morning Herald quoted the car maker as saying in a statement released overnight.
It was the first link-up between Caterham F1, Caterham Cars and QPR since Tony Fernandes acquired both the British sports car maker and Premier League team in summer 2011.
Tyndall's assessment of the vicious circle that could choke off demand is shared by luxury car maker BMW's chief financial officer Friedrich Eichiner, who told reporters on Friday: "We don't want to bring about a crisis by talking about it, because we don't see one at the moment.
Furthermore, Tenaci Capital, the investment company of Spyker's CEO, Victor Muller, will convert EUR42m of its current loan to Spyker into shares in the car maker at EUR4.
26 April 2011 - Moody's said Tuesday it had put under review the Ba1 Corporate Family Ratings (CFR) of car maker Fiat SpA (BIT:F) with a possibility for a downgrade.