CHAPTER 2

Operation of the Motor Vehicle Industry

The motor vehicle industry encompasses a large number of actors. At the center of the industry are a small number of corporations, most of which include the word “Motor” as part of their name. Informally, these corporations are usually called automakers or carmakers even though they typically manufacture trucks as well as cars. Ten carmakers are responsible for producing and selling nearly three-fourths of the world’s motor vehicles. The names of these carmakers rank among the world’s products with the highest consumer recognition. This chapter and the next two focus on these few carmakers.

The handful of carmakers are supported by thousands of manufacturers of parts and commodities that go into ...

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