The automotive industry is rooted in the enlargement of the gasoline engine, although steam-powered road vehicles were produced earlier. The history of the automobile industry has especial estate in history of the 20th century, and also it has had a substantial impression on the changes in other industries and progressions. Development of automotive industry extended through World War I and World War II, after 1945 a remarkable outreach of motor vehicle production has occurred. By the beginning of the 20th century, German and French manufacturers had been joined by British, Italian, and American makers.
A wide range of companies interact in automotive industry through designing, developing, manufacturing, marketing, and selling of motor vehicles. Some products which are intended to last for more than a few years will be categorized in a segment such as washing machines, furniture, and cars and trucks. Entire companies and activities which involved in the manufacture of motor vehicles have been included in the automotive industry such as engines and bodies.
Being active in automotive industry and exporting products are essential for countries like United Kingdom, Japan, France, Italy, Sweden, Germany, and South Korea, due to some political issues. On the other hand, according to the growth of this industry, other aspects have stimulated technological advances, such as petroleum refining, steelmaking, paint and plate-glass manufacturing.Being active in automotive industry and exporting products are essential for countries like United Kingdom, Japan, France, Italy, Sweden, Germany, and South Korea, due to some political issues. On the other hand, according to the growth of this industry, other aspects have stimulated technological advances, such as petroleum refining, steelmaking, paint and plate-glass manufacturing.cing elit. Ut elit tellus, luctus nec ullamcorper mattis, pulvinar dapibus leo.
Nevertheless, the mass use of motor vehicles and the indirect social impact of the automotive industry is considerable. Radical urban life changes, traveling, marketing of automobiles and expansion usage of credit, notable development of businesses, traffic congestion, air pollution, and highway accidents have constructed some other requirements that illustrate a common propensity to reproach the technology.
The automotive industry is racing toward a new world, many of these changes are largely affirmative, such as the growth of online traffic and the greater willingness of OEMs to cooperate with partners to address challenges. Navigating these tensions requires leaders whom focus on digital channels, shifting to recurring revenue streams, optimizing asset deployment, embracing zero-based budgeting, and building a resilient supply chain.