The Automotive Industry
The automotive industry encompasses a broad range of companies and organizations involved in the design, development, production, marketing, and sale of motor vehicles. By revenue, it is one of the largest industries in the world. Additionally, it is the one industry that spends the most on research and development. Here’s a closer look at some of the most important roles in the industry. We’ll start with the automotive industry’s importance in our lives.
The automotive industry is rapidly changing, and new technologies are transforming the way vehicles are produced. For example, General Motors is working to be carbon neutral by the year 2040. As a result, more engineers will be needed to design and produce vehicles. For those who are interested in the field, there are several professional associations that can help. The Automotive Industry Action Group (AIAG) and Verband der Automobilindustrie (VDA) are two examples of associations dedicated to the industry. Many of these associations offer professional development training as well as conferences for members. Read more Apply Sunscreen Daily
Early on, road vehicles were still powered by steam. In the 1930s, France and Germany began to develop gasoline engines. Then, the United States began producing automobiles and was the dominant producer through the 1960s. The UK, Germany, and France soon joined forces with American and Italian makers. By the 1950s, the United States produced about 80% of the world’s motor vehicles. And in the early 2010s, India was overtaking Korea to become the largest automotive producer, overtaking Canada, France, and Spain. The automotive industry is now growing quickly, with India overtaking the automotive industry in 2014.