The automotive industry refers to the sector of the economy that produces vehicles, including cars, trucks, buses, motorcycles, and their parts. It encompasses a wide range of activities, from the design and manufacturing of vehicles to marketing, sales, and service. This industry involves various stakeholders, including automakers, suppliers of components, dealerships, and service providers. The automotive industry is significant for its economic impact, providing employment and contributing to technological advancements, safety, and environmental considerations. It also plays a crucial role in global trade, with vehicles and parts being produced and sold in markets around the world. The industry has evolved with advancements in technology, leading to the development of electric vehicles, autonomous driving systems, and improvements in vehicle efficiency and sustainability.
Honda plans to revisit merger talks with Nissan, contingent on a change in Nissan's leadership, to smooth potential internal resistance. Speculation about the merger has excited the market, boosting Nissan's…