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Automotive News is a weekly newspaper established in 1925, written for the automotive industry, predominantly for individuals corresponding with automobile manufacturers and automotive suppliers. [2] It is based in Detroit and owned by Crain Communications Inc. [ 3 ] Globally, there are more than 55 editors and reporters.
The chip shortage is expected to cost the global automotive industry US$210 billion in revenue in 2021. [51] [52] [needs update] Despite lower sales, some manufacturers increased profits over 2020, as Toyota and General Motors, for example, saw record profits for 2021, due to resilient demand and decreased financial incentives offered to buyers.
The summary chart includes the five largest worldwide automotive manufacturing groups as of 2017 by number of vehicles produced. Those same groups held the top 5 positions 2007 to 2019; Hyundai Motor Group had a lower rank until it took the fifth spot in 2007 from the at that time split German-American auto manufacturer DaimlerChrysler, while Ford became surpassed by Honda in 2020, and even ...
2022 2021 [3] 2020 [4] 2019 [5] 2018 [6] 2017 [7] 2016 [8] 2015 [9] 2014 [10] 2013 [11] 2012 ... Automotive industry by country; List of countries and territories by ...
Sales in India fell approximately 20 percent in 2021 due to the shortage of chips and the amount of light vehicles lost to shortages was half a million vehicles. [20] In February 2022, Peter S. Goodman, writing in The New York Times, argued that returning to the pre-COVID-19-pandemic global supply chain was seen as "unlikely" in 2022. [21]
The end of production for US models occurred in July 2021; [63] [64] [65] Australian models were discontinued at the end of 2021. [66] BMW confirmed in early 2022 that production of all i3 models is scheduled to end in July 2022, and will be succeeded in some markets by BMW iX1, which will enter mass production at the Regensburg factory in 2024 ...
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).
As of April 2022, India's auto industry is worth more than US$100 billion and accounts for 8% of the country's total exports and 7.1% of India's GDP. [5] According to the 2021 National Family Health Survey, 60% of Indian households own an automobile. [6] [7] According to government statistics, India has barely 400 automobiles per 1,000 people.