Automotive industry

File:002 Production line - car assembly line in General Motors Manufacturing Poland - Gliwice, Poland.jpg

An automotive assembly line at Opel Manufacturing Poland in 2015

File:Škoda cars being transported by rail at Kutná Hora město train station, Czech Republic - 20140710.ogv

SEAT, Škoda, and Volkswagen cars being transported by train in Kutná Hora, Czech Republic in 2014

The automotive industry comprises a wide range of companies and organizations involved in the design, development, manufacturing, marketing, selling, repairing, and modification of motor vehicles.<ref name=":0">Template:Britannica</ref><ref>Template:Cite book</ref> It is one of the world's largest industries by revenue (from 16% such as in France up to 40% in countries such as Slovakia).<ref>Template:Cite journal</ref>Template:Failed verification

The word automotive comes from the Greek autos (self), and Latin motivus (of motion), referring to any form of self-powered vehicle. This term, as proposed by Elmer Sperry<ref name="STS of US">Template:Cite book</ref>Template:Qn (1860–1930), first came into use to describe automobiles in 1898.<ref>{{#invoke:citation/CS1|citation |CitationClass=web }}</ref>

History

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File:Thomas B Jeffery Works Drawing.jpg

The Thomas B. Jeffery Company automobile factory in Kenosha, Wisconsin around 1916

File:Workers in Fiat factories, Turin.jpg

Fiat 1800 and 2100 sedans being assembled at a Fiat factory in 1961

The automotive industry began in the 1860s with hundreds of manufacturers pioneering the horseless carriage. Early car manufacturing involved manual assembly by a human worker. The process evolved from engineers working on a stationary car to a conveyor belt system where the car passed through multiple stations of more specialized engineers. In the 1960s, robotic equipment was introduced, and most cars are now mainly assembled by automated machinery.<ref>{{#invoke:citation/CS1|citation |CitationClass=web }}</ref>

For many decades, the United States led the world in total automobile production, with the U.S. Big Three General Motors, Ford Motor Company, and Chrysler being the world's three largest auto manufacturers for a time, and G.M. and Ford remaining the two largest until the mid-2000s. In 1929, before the Great Depression, the world had 32,028,500 automobiles in use, of which the U.S. automobile enterprises produced more than 90%. At that time, the U.S. had one car per 4.87 persons.<ref>Template:Cite magazine</ref> After 1945, the U.S. produced around three-quarters of the world's auto production. In 1980, the U.S. was overtaken by Japan and then became a world leader again in 1994. Japan narrowly passed the U.S. in production during 2006 and 2007, and in 2008 also China, which in 2009 took the top spot (from Japan) with 13.8 million units, although the U.S. surpassed Japan in 2011, to become the second-largest automobile industry. In 2024, China produced more than 31 million vehicles in a year, after breaking 30 million in 2023, reaching 29 million for the first time in 2017 and 28 million the year before. In 2024, China produced the most passenger cars in the world, with Japan, India, Germany, and South Korea trailing. This was achieved by Chinese car companies signing joint ventures with foreign manufacturers.<ref>{{#invoke:citation/CS1|citation |CitationClass=web }}</ref> From 1970 (140 models) to 1998 (260 models) to 2012 (684 models), the number of automobile models in the U.S. has grown exponentially.<ref>Template:Cite journal</ref>

Safety

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File:IIHS Hyundai Tucson crash test.jpg

A 2010 Hyundai Tucson used for a crash test by the Insurance Institute for Highway Safety

Safety is a state that implies being protected from any risk, danger, damage, or cause of injury. In the automotive industry, safety means that users, operators, or manufacturers do not face any risk or danger coming from the motor vehicle or its spare parts. Safety for the automobiles themselves implies that there is no risk of damage.

Safety in the automotive industry is particularly important and therefore highly regulated. Automobiles and other motor vehicles have to comply with a certain number of regulations, whether local or international, in order to be accepted on the market. The standard ISO 26262, is considered one of the best practice frameworks for achieving automotive functional safety.<ref>{{#invoke:citation/CS1|citation |CitationClass=web }}</ref>

In case of safety issues, danger, product defect,<ref>Template:Cite journal</ref><ref>Template:Cite journal</ref> or faulty procedure during the manufacturing of the motor vehicle, the maker can request to return either a batch or the entire production run. This procedure is called product recall. Product recalls happen in every industry and can be production-related or stem from raw materials.

Product and operation tests and inspections at different stages of the value chain are made to avoid these product recalls by ensuring end-user security and safety and compliance with the automotive industry requirements. However, the automotive industry is still particularly concerned about product recalls, which cause considerable financial consequences.

Economy

File:Vintage Pontiac Promotion.svg

An advertisement for the Pontiac 6, Template:Circa

In 2007, there were about 806 million cars and light trucks on the road, consuming over Template:Convert of gasoline and diesel fuel yearly.<ref>{{#invoke:citation/CS1|citation |CitationClass=web }}</ref> The automobile is a primary mode of transportation for many developed economies. The Detroit branch of Boston Consulting Group predicted that, by 2014, one-third of world demand would be in the four BRIC markets (Brazil, Russia, India, and China). Meanwhile, in developed countries, the automotive industry has slowed.<ref name="twnside1">{{#invoke:citation/CS1|citation |CitationClass=web }}</ref> It is also expected that this trend will continue, especially as the younger generations of people (in highly urbanized countries) no longer want to own a car, and prefer other modes of transport.<ref>{{#invoke:citation/CS1|citation |CitationClass=web }}</ref> Other potentially powerful automotive markets are Iran and Indonesia.<ref>{{#invoke:citation/CS1|citation |CitationClass=web }}</ref> Emerging automobile markets already buy more cars than established markets.

According to a J.D. Power study, emerging markets accounted for 51 percent of the global light-vehicle sales in 2010. The study, performed in 2010 expected this trend to accelerate.<ref>{{#invoke:citation/CS1|citation |CitationClass=web }}</ref><ref>{{#invoke:citation/CS1|citation |CitationClass=web }}</ref> However, more recent reports (2012) confirmed the opposite; namely that the automotive industry was slowing down even in BRIC countries.<ref name="twnside1"/> In the United States, vehicle sales peaked in 2000, at 17.8 million units.<ref>{{#invoke:citation/CS1|citation |CitationClass=web }}</ref>

In July 2021, the European Commission released its "Fit for 55" legislation package,<ref>Template:Cite news</ref> which contains important guidelines for the future of the automotive industry; all new cars on the European market must be zero-emission vehicles from 2035.<ref>Template:Cite news</ref>

The governments of 24 developed countries and a group of major car manufacturers including GM, Ford, Volvo, BYD Auto, Jaguar Land Rover and Mercedes-Benz committed to "work towards all sales of new cars and vans being zero emission globally by 2040, and by no later than 2035 in leading markets".<ref>Template:Cite news</ref><ref>Template:Cite news</ref> Major car manufacturing nations like the United States, Germany, China, Japan and South Korea, as well as Volkswagen, Toyota, Peugeot, Honda, Nissan and Hyundai, did not pledge.<ref>Template:Cite news</ref>

Environmental impacts

File:1975- US vehicle production share, by vehicle type.svg

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The global automotive industry is a major consumer of water. Some estimates surpass Template:Cvt of water per car manufactured, depending on whether tyre production is included. Production processes that use a significant volume of water include surface treatment, painting, coating, washing, cooling, air-conditioning, and boilers, not counting component manufacturing. Paintshop operations consume especially large amounts of water because equipment running on water-based products must also be cleaned with water.<ref>{{#invoke:citation/CS1|citation |CitationClass=web }}</ref>

In 2022, Tesla's Gigafactory Berlin-Brandenburg ran into legal challenges due to droughts and falling groundwater levels in the region. Brandenburg's Economy Minister Joerg Steinbach said that while water supply was sufficient during the first stage, more would be needed once Tesla expands the site. The factory would nearly double the water consumption in the Gruenheide area, with 1.4 million cubic meters being contracted from local authorities per year — enough for a city of around 40,000 people. Steinbach said that the authorities would like to drill for more water there and outsource any additional supply if necessary.<ref>Template:Cite news</ref>

World motor vehicle production

File:World motor production (1997-2016).png

World motor production (1997–2016)

By year

Year	Production	Change	Template:Refh
1997	54,434,000	—	citation	CitationClass=web }}</ref>
1998	52,987,000	Template:Decrease 2.7%	<ref name= "OICA9798"/>
1999	56,258,892	Template:Increase 6.2%	citation	CitationClass=web }}</ref>
2000	58,374,162	Template:Increase 3.8%	citation	CitationClass=web }}</ref>
2001	56,304,925	Template:Decrease 3.5%	citation	CitationClass=web }}</ref>
2002	58,994,318	Template:Increase 4.8%	citation	CitationClass=web }}</ref>
2003	60,663,225	Template:Increase 2.8%	citation	CitationClass=web }}</ref>
2004	64,496,220	Template:Increase 6.3%	citation	CitationClass=web }}</ref>
2005	66,482,439	Template:Increase 3.1%	citation	CitationClass=web }}</ref>
2006	69,222,975	Template:Increase 4.1%	citation	CitationClass=web }}</ref>
2007	73,266,061	Template:Increase 5.8%	citation	CitationClass=web }}</ref>
2008	70,520,493	Template:Decrease 3.7%	citation	CitationClass=web }}</ref>
2009	61,791,868	Template:Decrease 12.4%	citation	CitationClass=web }}</ref>
2010	77,857,705	Template:Increase 26.0%	citation	CitationClass=web }}</ref>
2011	79,989,155	Template:Increase 3.1%	citation	CitationClass=web }}</ref>
2012	84,141,209	Template:Increase 5.3%	citation	CitationClass=web }}</ref>
2013	87,300,115	Template:Increase 3.7%	citation	CitationClass=web }}</ref>
2014	89,747,430	Template:Increase 2.6%	citation	CitationClass=web }}</ref>
2015	90,086,346	Template:Increase 0.4%	citation	CitationClass=web }}</ref>
2016	94,976,569	Template:Increase 4.5%	citation	CitationClass=web }}</ref>
2017	97,302,534	Template:Increase 2.36%	citation	CitationClass=web }}</ref>
2018	95,634,593	Template:Decrease 1.71%	citation	CitationClass=web }}</ref>
2019	91,786,861	Template:Decrease 5.2%	citation	CitationClass=web }}</ref>
2020	77,621,582	Template:Decrease 16%	citation	CitationClass=web }}</ref>
2021	80,145,988	Template:Increase 3.25%	citation	CitationClass=web }}</ref>
2022	85,016,728	Template:Increase 6.08%	citation	CitationClass=web }}</ref>

File:2014 Cars Countries Export Treemap.png

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File:Global imports and exports of cars.png

Global automobile import and export in 2011

By country

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The OICA counts over 50 countries that assemble, manufacture, or disseminate automobiles. Of those, only 15 countries (boldfaced in the list below) currently possess the capability to design original production automobiles from the ground up, and 17 countries (listed below) have at least one million produced vehicles a year (as of 2023).<ref name="Australia auto industry 2015 smh.com.au">Template:Cite news</ref>

Country	citation	CitationClass=web }}</ref>
China (plus Taiwan)	30,160,966 (30,446,928)
USA	10,611,555
Japan	8,997,440
India	5,851,507
Republic of Korea	4,243,597
Germany	4,109,371
Mexico	4,002,047
Spain	2,451,221
Brazil	2,324,838
Thailand	1,841,663
Canada	1,553,026
France	1,505,076
Turkey	1,468,393
Czechia	1,404,501
Indonesia	1,395,717
Slovakia	1,080,000
U.K.	1,025,474

By manufacturer

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Top 10 (2016–2020)

These were the ten largest manufacturers by production volume as of 2017,<ref name=oi15>{{#invoke:citation/CS1|citation |CitationClass=web }}</ref> of which the eight largest were in the top 8 positions since Fiat's 2013 acquisition of the Chrysler Corporation (although the PSA Group had been in the top 8 1999 to 2012, and 2007 to 2012 one of the eight largest along with the seven largest as of 2017) and the five largest in the top 5 positions since 2007, according to OICA, which, however, stopped publishing statistics of motor vehicle production by manufacturer after 2017. All ten remained as the ten largest automakers by sales until the merger between Fiat-Chrysler and the PSA Group in early 2021; only Renault was degraded to 11th place, in 2022, when being surpassed by both BMW (which became the 10th largest in 2021) and Chang'an.<ref>{{#invoke:citation/CS1|citation |CitationClass=web }}</ref>

RankTemplate:Efn	Group	Country	Produced vehicles (2017)<ref name=oi15/>	Sold vehicles (2018)	Sold vehicles (2019)<ref>{{#invoke:citation/CS1|citation	CitationClass=web }}</ref>
1	Toyota	Japan	10,466,051	10,521,134	10,741,556
2	Volkswagen Group	Germany	10,382,334	10,831,232	10,975,352
3	General Motors (except SAIC-GM-Wuling)Template:Efn	United States	9,027,658 (6,856,880)	8,787,233	7,724,163
4	Hyundai	South Korea	7,218,391	7,437,209	7,189,893
5	Ford	United States	6,386,818	5,734,217	5,385,972
6	Nissan	Japan	5,769,277	5,653,743	5,176,211
7	Honda	Japan	5,235,842	5,265,892	5,323,319
8	Fiat-Chrysler (now part of Stellantis)	Italy / United States	4,600,847	4,841,366	4,612,673
9	Renault	France	4,153,589	3,883,987	3,749,815
10	PSA Group (now part of Stellantis)	France	3,649,742	4,126,349	3,479,152

Top 20 (2012–2013)

These were the twenty largest manufacturers by production volume in 2012 and 2013, or the 21 largest in 2011 (before the Fiat-Chrysler merger), of which the fourteen largest as of 2011 were in the top 14 in 2010, 2008 and 2007 (but not 2009, when Changan and Mazda temporarily degraded Chrysler to 16th place). The eighteen largest as of 2013 have remained in the top 20 as of 2017, except Mitsubishi which fell out of top 20 in 2016, while Geely fell out of the top 20 in 2014 and 2015 but re-entered it in 2016.

RankTemplate:Efn	Group	Country	Produced vehicles (2013)<ref>{{#invoke:citation/CS1|citation	CitationClass=web }}</ref> !! data-sort-type="number" | Produced vehicles (2012)<ref>{{#invoke:citation/CS1|citation	CitationClass=web }}</ref> !! data-sort-type="number" | Produced vehicles (2011)<ref>{{#invoke:citation/CS1|citation	CitationClass=web }}</ref>
1	Toyota	Japan	10,324,995	10,104,424	8,050,181
2	General Motors	United States	9,628,912	9,285,425	9,031,670
3	Volkswagen Group	Germany	9,379,229	9,254,742	8,525,573
4	Hyundai	South Korea	7,233,080	7,126,413	6,616,858
5	Ford	United States	6,077,126	5,595,483	5,516,931
6	Nissan	Japan	4,950,924	4,889,379	4,631,673
7	Fiat / FCA	Italy	4,681,704	4 498 722Template:Efn	2,336,954
8	Honda	Japan	4,298,390	4,110,857	2,909,016
9	PSA Peugeot Citroën	France	2,833,781	2,911,764	3,582,410
10	Suzuki	Japan	2,842,133	2,893,602	2,725,899
11	Renault	France	2,704,675	2,676,226	2,825,089
12	Daimler	Germany	1,781,507	2,195,152	2,137,067
	Chrysler	United States	part of FCA	part of FCA	1,999,017
13	BMW	Germany	2,006,366	2,065,477	1,738,160
14	SAIC	China	1,992,250	1,783,548	1,478,502
15	Tata	India	1,062,654	1,241,239	1,197,192
16	Mazda	Japan	1,264,173	1,189,283	1,165,591
17	Dongfeng	China	1,238,948	1,137,950	1,108,949
18	Mitsubishi	Japan	1,229,441	1,109,731	1,140,282
19	Changan	China	1,109,889	1,063,721	1,167,208
20	Geely	China	969,896	922,906	897,107

Notable company relationships

Stake holding

It is common for automobile manufacturers to hold stakes in other automobile manufacturers. These ownerships can be explored under the detail for the individual companies.

Notable current relationships include:Template:Citation needed

• Toyota subsidiary Daihatsu holds a 25% stake in Perodua.<ref>{{#invoke:citation/CS1|citation

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• Mercedes-Benz Group holds a 30.01% stake in Daimler Truck and BAIC Group holds a 6.49% stake.
• Daimler Truck holds an 89.29% stake in Fuso.
• Mercedes-Benz Group held a combined 6.2% stake in the Renault-Nissan-Mitsubishi Alliance, and the Renault-Nissan-Mitsubishi Alliance also held a combined 6.2% stake in Mercedes-Benz Group until 2021.<ref>{{#invoke:citation/CS1|citation

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• Mercedes-Benz Group holds a 12% stake in BAIC Group, while BAIC Group holds 5% stake in Mercedes-Benz Group.<ref>Template:Cite news</ref>
• Dongfeng Motor holds a 12.23% stake and a 19.94% exercisable voting rights in PSA Group.
• FAW Group holds a 49% stake of Haima Automobile.
• Stellantis holds a 67% stake in FCA Srbija.
• FCA holds a 37.8% stake in Tofaş with another 37.8% stake hold by Koç Holding.
• Fiat Automobili Srbija holds a 54% stake in Zastava Trucks.
• Fiat Industrial holds a 46% stake in Zastava Trucks.
• Fujian Motors Group holds a 15% stake in King Long. FMG, Beijing Automotive Group, China Motor, and Mercedes-Benz Group has a joint venture called Fujian Benz. FMG, China Motor, and Mitsubishi Motors has a joint venture called Soueast, FMG holds a 50% stake, and both China Motor and Mitsubishi Motors holds an equal 25% stake.
• Geely Automobile holds a 23% stake in London EV Company.
• Geely Automobile holds a 49.9% stake in Proton Holdings and a 51% stake in Lotus Cars.<ref>Template:Cite news</ref>
• Geely Holding Group holds a 9.69% stake in Mercedes-Benz Group.<ref>{{#invoke:citation/CS1|citation

|CitationClass=web }}</ref>

• Geely Holding Group holds an 8.3% stake and a 15.9% exercisable voting rights in Volvo.
• General Motors holds a 93% stake in GM India and SAIC Motor holds a 7% stake.
• General Motors owns GM Korea (historically Daewoo Motors) as its Korean operations.
• General Motors holds a 20% stake in Industries Mécaniques Maghrébines.
• Isuzu holds a 10% stake in Industries Mécaniques Maghrébines.
• Marcopolo holds a 19% stake in New Flyer Industries.
• Mitsubishi Corporation holds a 20% stake in Mitsubishi Motors.
• Nissan held a 34% stake in Mitsubishi Motors beginning October 2016,<ref>Template:Cite news</ref> thus having the right to nominate the chairman of Mitsubishi Motors' board and a third of its directors. Mitsubishi bought some of its shares back from Nissan in November 2024, decreasing Nissan's stake to 24%.<ref>Template:Cite news</ref>
• Nissan holds a 43% stake in Nissan Shatai.
• Porsche SE holding company holds a 53.3% voting stake in Volkswagen Group. The Porsche AG automotive business is fully owned by the Volkswagen Group.
• Renault and Nissan have an alliance (Renault-Nissan-Mitsubishi Alliance, with Mitsubishi joining in 2016 through Nissan's acquisition of a 34% stake in the company) involving two global companies linked by cross-shareholding, with Renault holding a 43.4% stake in Nissan shares, and Nissan holding a 15% stake of (non-voting) Renault shares. In January 2023, Renault said it intended to transfer almost 30% of its controlling stake in Nissan to a French trust, reducing its shares with voting rights to a minority 15% and, in doing so, matching Nissan shares in Renault to gain equal voting rights.<ref>{{#invoke:citation/CS1|citation

|CitationClass=web }}</ref><ref>Template:Cite press release</ref> The share transfer was completed in November 2023.<ref name=share>Template:Cite press release</ref>

• Renault formerly held a 25% stake in AvtoVAZ; on December 2018, Renault and Russian state-owned holding company Rostec acquired all shares of AvtoVAZ (with Renault owning a 67.61% stake), but in 2022 Renault sold all of its shares to state-owned Central Research and Development Automobile and Engine Institute (NAMI), re-nationalising AvtoVAZ.
• Renault holds an 52.8% stake in Renault Korea.
• SAIPA holds a 51% stake in Pars Khodro.
• Tata Motors holds a 100% stake in Jaguar Land Rover.
• Toyota holds a 100% stake in Daihatsu.
• Toyota holds a 100% stake in Hino.
• Toyota holds a 4.6% stake in Isuzu.
• Toyota holds a 5.05% stake in Mazda, while Mazda holds a 0.25% stake in Toyota.<ref>Toyota buys stake in Mazda, joint US factory, EV development planned | CarAdvice</ref>
• Toyota holds a 16.7% stake in transportation, automotive, and defense conglomerate Subaru Corporation (formerly Fuji Heavy Industries), parent company of Subaru.
• Toyota holds a 4.94% stake in Suzuki, while Suzuki holds a 0.2% stake in Toyota.<ref>Template:Cite news</ref>
• Volkswagen Group holds a 99.55% stake in the Audi Group.
• Volkswagen Group holds a 37.73% stake in Scania (68.6% voting rights), a 53.7% stake in MAN SE (55.9% voting rights). Volkswagen is integrating Scania, MAN, and its own truck division into one division.
• Paccar holds a 19% stake in Tatra.
• ZAP holds a 51% stake in Zhejiang Jonway.

Joint ventures

China joint venture

• Beijing Automotive Group has a joint venture with Mercedes-Benz Group called Beijing Benz, both companies hold a 50-50% stake. both companies also have a joint venture called Beijing Foton Daimler Automobile.
• Beijing Automotive Group also has a joint venture with Hyundai called Beijing Hyundai, both companies hold a 50-50% stake.
• BMW and Brilliance have a joint venture called BMW Brilliance. BMW owns a 50% stake, Brilliance owns a 40.5% stake, and the Shenyang municipal government owns a 9.5% stake.
• Changan Automobile has a joint venture with PSA Group (Changan PSA), and both hold a 50-50% stake.
• Changan Automobile has a joint venture with Suzuki (Changan Suzuki), and both hold a 50-50% stake.
• Changan Automobile has a 50-50% joint venture with Mazda (Changan Mazda).
• Changan Automobile and Ford have a 50-50% joint venture called Changan Ford.
• Changan Automobile and JMCG have a joint venture called Jiangling Motor Holding.
• Chery has a joint venture with Jaguar Land Rover called Chery Jaguar Land Rover, both companies hold a 50-50% stake.<ref>{{#invoke:citation/CS1|citation

|CitationClass=web }}</ref>

• Chery and Israel Corporation have a joint venture called Qoros, and both companies hold a 50-50% stake.
• Dongfeng Motor Corporation and Nissan have a 50-50% joint venture called Dongfeng Motor Company.
• Mercedes-Benz Group and BYD Auto have a joint venture called Denza, both companies hold a 50-50% stake.
• Mercedes-Benz Group and Geely Holding Group have a joint venture called smart Automobile, both companies hold a 50-50% stake.<ref>Template:Cite press release</ref>
• Dongfeng Motor and Stellantis (until 2021 PSA Group) have a 50-50% joint venture called Dongfeng Peugeot-Citroën.
• Dongfeng Motor has a 50-50% joint venture with Honda called Dongfeng Honda.
• Dongfeng Motor formerly had a joint venture with AB Volvo called Dongfeng Nissan-Diesel.
• Dongfeng Motor has a 50-50% joint venture with Renault named Dongfeng Renault in Wuhan, which was founded in the end of 2013
• FAW Group and General Motors has a 50-50 joint venture called FAW-GM.
• FAW Group has a 50-50 joint venture with Volkswagen Group called FAW-Volkswagen.
• FAW Group has a 50-50 joint venture with Toyota called Sichuan FAW Toyota Motor and both companies also have another joint venture called Ranz.
• General Motors and SAIC Motor, both have two joint ventures in SAIC-GM and SAIC-GM-Wuling, the latter alongside Wuling Motors.
• Navistar International and JAC has a joint venture called Anhui Jianghuai Navistar.

Outside China

• Ford and International Motors have a 50-50 joint venture called Blue Diamond Truck.
• Ford and Sollers JSC have a 50-50 joint venture called Ford Sollers.
• Ford and Koç Holding have a 50-50 joint venture called Ford Otosan.
• Ford and Lio Ho Group have a joint venture called Ford Lio Ho, Ford owns 70% and Lio Ho Group owns 30%.
• General Motors and UzAvtosanoat have a joint venture called GM Uzbekistan, UzAvtosanoat owns 75% and General Motors owns 25%.
• General Motors, AvtoVAZ, and EBRD have a joint venture called GM-AvtoVAZ, Both GM and AvtoVAZ owns 41.61% and EBRD owns 16.76%.
• Hyundai Motor Company and Kibar Holding has a joint venture called Hyundai Assan Otomotiv, Hyundai owns 70% and Kibar Holding owns 30%.
• Isuzu and Anadolu Group have a 50-50% joint venture called Anadolu Isuzu.
• Isuzu and General Motors has a 50-50% joint venture called Isuzu Truck South Africa.
• Isuzu, Sollers JSC, and Imperial Sojitz have a joint venture called Sollers-Isuzu, Sollers JSC owns 66%, Isuzu owns 29%, and Imperial Sojitz owns 5%.
• Mahindra & Mahindra and International Motors have a joint venture called Mahindra Trucks and Buses Limited. Mahindra & Mahindra owns 51% and International Motors owns 49%.
• MAN SE and UzAvtosanoat have a joint venture called MAN Auto-Uzbekistan, UzAvtosanoat owns 51% and MAN SE owns 49%.
• PSA and Toyota formerly owned a 50-50% joint venture called Toyota Peugeot Citroën Automobile Czech, however on 1 January 2021 Toyota bought all of PSA's shares and renamed the now wholly-owned plant to Toyota Motor Manufacturing Czech Republic.
• PSA and CK Birla Group (AVTEC) have a 50-50% joint venture called PSA AVTEC Powertrain Pvt. Ltd.
• Sollers JSC is involved in joint ventures with Ford (Ford Sollers ) and Mazda to produce cars.
• Tata Motors also formed a joint venture in India with Fiat and gained access to Fiat's diesel engine technology.
• Tata Motors and Marcopolo have a joint venture called Tata Marcopolo, where Tata owns 51% and Marcopolo owns 49%.
• Volvo and Eicher Motors have a 50-50% joint venture called VE Commercial Vehicles.

See also

• 2008–2010 automotive industry crisis
• Alliance of Automobile Manufacturers
• Automotive industry by country
• Automotive industry in the United States
• Big Three (automobile manufacturers)
• Effects of the 2008–10 automotive industry crisis on the United States
• List of countries by motor vehicle production
• Automotive acronyms and abbreviations
• Motocycle

Further reading

• Ajitha, P. V., and Ankita Nagra. "An Overview of Artificial Intelligence in Automobile Industry–A Case Study on Tesla Cars." Solid State Technology 64.2 (2021): 503–512. online
• Banerjee, Preeta M., and Micaela Preskill. "The role of government in shifting firm innovation focus in the automobile industry" in Entrepreneurship, Innovation and Sustainability (Routledge, 2017) pp. 108–129.
• Bohnsack, René, et al. "Driving the electric bandwagon: The dynamics of incumbents' sustainable innovation." Business Strategy and the Environment 29.2 (2020): 727–743 online.
• Bungsche, Holger. "Regional economic integration and the automobile industry: automobile policies, division of labour, production network formation and market development in the EU and ASEAN." International Journal of Automotive Technology and Management 18.4 (2018): 345–370.
• Chen, Yuan, C-Y. Cynthia Lin Lawell, and Yunshi Wang. "The Chinese automobile industry and government policy." Research in Transportation Economics 84 (2020): 100849. online
• Clark, Kim B., et al. "Product development in the world auto industry." Brookings Papers on economic activity 1987.3 (1987): 729–781. online
• Guzik, Robert, Bolesław Domański, and Krzysztof Gwosdz. "Automotive industry dynamics in Central Europe." in New Frontiers of the Automobile Industry (Palgrave Macmillan, Cham, 2020) pp. 377–397.
• Imran, Muhammad, and Jawad Abbas. "The role of strategic orientation in export performance of China automobile industry." in Handbook of Research on Managerial Practices and Disruptive Innovation in Asia (2020): 249–263.
• Jetin, Bruno. "Who will control the electric vehicle market?" International Journal of Automotive Technology and Management 20.2 (2020): 156–177. online
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