The automotive industry refers to the sector of the economy that focuses on the design, development, manufacturing, marketing, and selling of motor vehicles. This industry encompasses a wide range of businesses and organizations involved in creating automobiles, trucks, and motorcycles, including original equipment manufacturers (OEMs), suppliers of parts and components, dealerships, and repair services. The automotive industry plays a crucial role in the global economy and is characterized by its significant impact on transportation, employment, and technological advancements. Key trends in the industry include the shift towards electric and autonomous vehicles, increased focus on sustainability and environmental impact, and the integration of advanced technologies such as automation and connectivity in vehicles.
Daihatsu has rejoined CJPT after addressing certification concerns, marking a significant restoration of trust within the alliance. Toyota has transferred a 10% stake in CJPT back to Daihatsu, signaling a…