The automotive industry encompasses all companies and activities involved in the design, development, manufacturing, marketing, and selling of motor vehicles. This includes passenger cars, trucks, motorcycles, buses, and other vehicles. The industry is divided into several sectors, including the original equipment manufacturers (OEMs) that produce vehicles and their components, suppliers that provide parts and materials, and aftermarket companies that offer maintenance and repairs.
It plays a crucial role in economies globally, driving innovation in technology, engineering, and manufacturing processes. Additionally, the automotive industry is increasingly intersecting with technology sectors, particularly with advancements in electric vehicles (EVs), autonomous driving, and connected car technologies.
The automotive industry is heavily regulated to ensure safety, environmental sustainability, and compliance with various legal standards. It also significantly impacts employment, trade, and economic activity worldwide.
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…