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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. [ 1 ] [ 2 ] It is one of the world's largest industries by revenue (from 16% such as in France up to 40% to countries such as Slovakia).
Later the term stock car came to mean any production-based automobile used in racing. This term is used to differentiate such a car from a "race car", a special, custom-built car designed only for racing purposes. The actual degree to which the cars conform to standard model specs has changed over the years and varies from country to country.
The United States was the first country in the world to have a mass market for vehicle production and sales and is a pioneer of the automotive industry [1] and mass market production process. [ 2 ] [ 3 ] During the 20th century, global competitors emerged, especially in the second half of the century primarily across European and Asian markets ...
A set of common design, engineering, and production efforts, as well as major automotive components, shared between a number of outwardly distinct vehicle models and even different vehicle classes which are often manufactured by different though usually related marques. Auto manufacturers commonly introduce new models based on existing ...
Advanced product quality planning (APQP) is a framework of procedures and techniques used to develop products in industry, particularly in the automotive industry.It differs from Six Sigma in that the goal of Six Sigma is to reduce variation but has similarities to Design for Six Sigma (DFSS).
Supply chain pyramid. An original equipment manufacturer (OEM) is a company that produces parts and equipment that may be marketed by another company.However, the term is ambiguous, with several other common meanings: It sometimes means the maker of a system that includes other companies' subsystems, an end-product producer, an automotive part that is manufactured by the same company that ...
An Airbus A321 on final assembly line 3 in the Airbus Hamburg-Finkenwerder plant Hyundai's car assembly line. An assembly line, often called progressive assembly, is a manufacturing process where the unfinished product moves in a direct line from workstation to workstation, with parts added in sequence until the final product is completed.
Automotive engineering, along with aerospace engineering and naval architecture, is a branch of vehicle engineering, incorporating elements of mechanical, electrical, electronic, software, and safety engineering as applied to the design, manufacture and operation of motorcycles, automobiles, and trucks and their respective engineering subsystems.