Automotive Market in US: Regulatory Landscape and Its Effects

The automotive industry comprises a wide range of companies and organizations involved in the design, development, manufacturing, marketing, and selling of motor vehicles. It is one of the world's largest industries by revenue (from 16 % such as in France up to 40 % to countries like Slovakia). It is also the industry with the highest spending on research & development. The automotive industry is the most substantial mass-market, hence they have to achieve special requirements, and extensive sales targets. Suppliers in this industry are often spin-offs to companies that have been on the market for some time.