Study suggests less costly approach to pandemic economic stimulus

In late March, as the COVID-19 coronavirus began spreading swiftly throughout the United States, Congress passed a $2 trillion economic stimulus measure that included one-time direct payments to taxpayers, relief for small ...

States, cities challenge Trump mileage standards rollback

Nearly two dozen states and several cities on Wednesday filed a legal challenge to the Trump administration's rollback of Obama-era mileage standards, saying science backed up the old regulations developed with the help of ...

Automakers side with Trump in legal fight with California

General Motors, Fiat Chrysler, Toyota and 10 smaller automakers are siding with the Trump administration in a lawsuit over whether California has the right to set its own greenhouse gas emissions and fuel economy standards.

Navigating the winding road toward driverless mobility

As we all watch automakers and autonomous tech companies team up in various alliances, it's natural to wonder about their significance and what the future will bring. Are we realizing that autonomous driving technology and ...

Opinion: California can't compromise on cars

America's car companies have a long history of being on the wrong side of regulation, and when the Trump team arrived they miscalculated as they always do. This is an industry that opposed seat belts when Ralph Nader advocated ...

Automakers urge California, US to restart mileage talks

Major automobile manufacturers urged the Trump administration and California on Thursday to restart negotiations over vehicle mileage standards to prevent a lengthy legal battle, warning that moving ahead with two sets of ...

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Automotive industry

The automotive industry designs, develops, manufactures, markets, and sells the world's motor vehicles. In 2008, more than 70 million motor vehicles, including cars and commercial vehicles were produced worldwide.

In 2007, a total of 71.9 million new automobiles were sold worldwide: 22.9 million in Europe, 21.4 million in Asia-Pacific, 19.4 million in USA and Canada, 4.4 million in Latin America, 2.4 million in the Middle East and 1.4 million in Africa. The markets in North America and Japan were stagnant, while those in South America and Asia grew strongly. Of the major markets, Russia, Brazil, India and China saw the most rapid growth.

About 250 million vehicles are in use in the United States. Around the world, there were about 806 million cars and light trucks on the road in 2007; they burn over 260 billion gallons of gasoline and diesel fuel yearly. The numbers are increasing rapidly, especially in China and India. In the opinion of some, urban transport systems based around the car have proved unsustainable, consuming excessive energy, affecting the health of populations, and delivering a declining level of service despite increasing investments. Many of these negative impacts fall disproportionately on those social groups who are also least likely to own and drive cars. The sustainable transport movement focuses on solutions to these problems.

In 2008, with rapidly rising oil prices, industries such as the automotive industry, are experiencing a combination of pricing pressures from raw material costs and changes in consumer buying habits. The industry is also facing increasing external competition from the public transport sector, as consumers re-evaluate their private vehicle usage. Roughly half of the US's fifty one light vehicle plants are projected to permanently close in the coming years with the loss of another 200,000 jobs in the sector, on top of the 560,000 jobs lost this decade. As a result, in 2009, China became the largest automobile market in the world.

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