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  1. In the United States, the automotive industry began in the 1890s and, as a result of the size of the domestic market and the use of mass production, rapidly evolved into the largest in the world. 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 ...

  2. With over 1.53 trillion U.S. dollars in revenue from road vehicle and parts retail trade, the sector has swiftly recovered from the COVID-19 pandemic. However, the global automotive chip shortage...

  3. 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]

  4. In making these points, we explain how production, investment, and employment have rebounded since the financial crisis and are likely to grow through 2025. We also compare the economic contributions of AAPC members — FCA US, Ford, and General Motors — with those of their competitors.

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  5. Global automotive research and development spending has been steadily increasing between 2020 and 2022, boosted by a soaring plug-in electric light vehicle (PEV) market, which increased by 56.9...

  6. Sep 27, 2021 · Since the first automobile, auto manufacturing has grown to become a substantial contributor to the U.S. economy with General Motors, Ford, and Fiat Chrysler rounding out the big three.

  7. American manufacturers produce approximately 10 million units annually. Notable exceptions were 5.7 million automobiles manufactured in 2009 (due to crisis ), and more recently 8.8 million units in 2020 due to the global COVID-19 pandemic. Production peaked during the 1970s and early 2000s at 13–15 million units.

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