Definition of «auto industry»

The term "auto industry" refers to all businesses and organizations involved in the design, development, production, marketing, and selling of motor vehicles. This includes companies that manufacture cars, trucks, buses, motorcycles, and other types of road-going vehicles, as well as those involved in the creation of their components or subsystems. The auto industry is a major economic driver, employing millions of people worldwide and generating vast amounts of revenue through the sale of new and used vehicles, as well as parts and services. It also plays an important role in shaping transportation policies and practices, with advancements in technology and design continually pushing the boundaries of what is possible on the road.

Sentences with «auto industry»

  • The exhibition presents a series of performances and videos examining the evolution of the American auto industry as a parallel to shifting American identity. (blog.creative-capital.org)
  • The state that long has been home of the American auto industry also long has taken a unique approach to auto insurance. (rstreet.org)
  • The long - term future of the global auto industry is in high - efficiency vehicles, due to the likelihood of higher future oil prices and a worldwide push to reduce vehicle emissions. (aceee.org)
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