Introduction to the Motor Vehicle Industry

The production of motor vehicles is one of the world’s largest industrial sectors. Four of the world’s five largest manufacturing corporations are carmakers. Annual sales of motor vehicles amount to roughly $2 billion worldwide. More than 1 billion vehicles are in use around the world, and more than 80 million have been produced and sold annually beginning in 2012.

Motor vehicles are the principal means by which people and goods are transported within and between most communities in the world. Most other business sectors depend on motor vehicles to receive their required inputs, to deliver their products and services, and to be accessible to their customers, clients, and employees. The motor ...

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