Global Automotive Industry
The Global Automotive Industry encompasses the design, development, manufacturing, marketing, and selling of motor vehicles. This industry includes a wide range of companies, from large multinational corporations like Toyota and Ford to smaller manufacturers and suppliers. It plays a crucial role in the global economy, providing millions of jobs and contributing significantly to GDP in many countries.
In recent years, the industry has faced challenges such as changing consumer preferences, environmental regulations, and the rise of electric vehicles (EVs). Companies are increasingly investing in sustainable technologies and autonomous driving to adapt to these trends and meet the demands of a more eco-conscious market.