The United States automotive industry is one of the largest in the world. It directly employs more than 1.7 million people. In addition, it consumes goods and services from many other sectors. You can visit the site viewster for more information.
The auto industry is also a significant source of revenue. Automotive manufacturers directly contribute between three and 3.5 percent of GDP. However, this figure has fallen since 1973. You can visit the site hub4u for more information.
As a result of the global economic crisis, auto manufacturing slowed. During this period, many factories shut down, which disrupted the complex supply chain. You can visit the site cinewap for more information.
Despite the difficulties faced by the automobile industry, it has experienced some notable developments. Some major trends include self-driving cars, autonomous vehicles, and mobility as a service. You can visit the site rdxnet for more information.
Auto manufacturing has also been affected by technological innovations. For example, the development of electric motor drive systems has expanded the choice of cars available in the market. Also, manufacturers are working on hybrid vehicles and other alternative vehicle technologies.
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The United States is the second-largest automotive producer in the world. Ford Motor Company (Ford) and General Motors (GM) are two of the leading companies. These companies are reshaping the automobile industry by developing cheaper, smaller cars.
One of the biggest automobile markets is China. GM and Nissan have aggressively stepped up their operations in this country. Other auto makers in the country are Geely and Dongfang.
Russia’s auto market has experienced growth. Sales rose nearly 10 percent in 2010. Currently, the country is the world’s fourth largest car market. And, it is predicted to overtake Germany in the next few years to become the third-largest.