The motor vehicle industry is one of the world's largest. More than
1 billion vehicles are in use around the world, and 80 million are
produced and sold annually. Motor vehicles including passenger
cars, trucks, and commercial vehicles such as buses and taxis are
the principal means by which people and goods are transported
within and between most communities in the world. The motor vehicle
industry includes corporations that design, develop, and
manufacture cars and trucks. These carmakers, such as Ford and
Toyota, are among the world's most-familiar corporate brands. The
motor vehicle industry also encompasses less well-known businesses
including several thousand parts makers, tens of thousands of
retailers, and specialized lending agencies. The importance of the
motor vehicle industry transcends even its central role in the
global economy. The industry was responsible for many of the
fundamental innovations of twentieth-century production, such as
corporate organization, manufacturing processes, and labor
relations, as well as sales innovations, such as product branding
and consumer financing. In the twenty-first century, the motor
vehicle industry has been a leader in adopting new production
strategies and expanding into new markets. This book will cover the
history, operations and manufacturing processes, organization,
supply chain, key competitors, market and ultra-market forces,
regulation, recent innovations and challenges, and the future of
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