The automotive industry refers to the sector of the economy that is involved in the design, development, manufacturing, marketing, and selling of motor vehicles. This industry encompasses a wide range of companies and organizations, including automobile manufacturers, suppliers, and dealers, as well as service providers involved in vehicle maintenance and repair. The automotive industry is a critical component of the global economy, influencing technology, employment, and trade. It includes various segments such as passenger vehicles, commercial vehicles, and electric vehicles, and it also encompasses advancements in autonomous driving technology. The industry is characterized by significant research and development efforts aimed at improving vehicle safety, efficiency, and environmental sustainability. Overall, the automotive industry plays a crucial role in shaping transportation and mobility systems worldwide.
Carlos Tavares has resigned as CEO of Stellantis after delivering record profits in 2023, but facing profit declines in 2024. Stellantis, formed from the merger of Fiat Chrysler and PSA…