Automotive Industry - Page 9

The automotive industry refers to the sector of the economy that involves the design, development, manufacturing, marketing, and selling of motor vehicles. This industry encompasses a wide range of companies and organizations, including automobile manufacturers, suppliers of parts and components, dealerships, and service providers. The automotive industry plays a crucial role in the global economy and encompasses various types of vehicles, such as cars, trucks, buses, and motorcycles, along with their respective systems and technologies. It is characterized by significant innovation and advancements in areas such as safety, fuel efficiency, and sustainability, including the rise of electric and autonomous vehicles.