| Share
 

automobile industry

Introduction

automobile industry, the business of producing and selling self-powered vehicles, including passenger cars, trucks, farm equipment, and other commercial vehicles. By allowing consumers to commute long distances for work, shopping, and entertainment, the auto industry has encouraged the development of an extensive road system, made possible the growth of suburbs and shopping centers around major cities, and played a key role in the growth of ancillary industries, such as the oil and travel businesses. The auto industry has become one of the largest purchasers of many key industrial products, such as steel. The large number of people the industry employs has made it a key determinant of economic growth.

Sections in this article:

The Columbia Electronic Encyclopedia, 6th ed. Copyright © 2012, Columbia University Press. All rights reserved.

See more Encyclopedia articles on: Businesses and Occupations

24 X 7

Private Tutor

Click Here for Details
24 x 7 Tutor Availability
Unlimited Online Tutoring
1-on-1 Tutoring
 
Warning: include(Mobile_Detect.php): failed to open stream: No such file or directory in /site/html/template/www.infoplease.com/trailer.php on line 412 Warning: include(): Failed opening 'Mobile_Detect.php' for inclusion (include_path='/site/lib/vendor/pear-pear.php.net/Mail:/site/lib/vendor/pear-pear.php.net/Net_Socket:/site/lib/vendor/pear-pear.php.net/Net_SMTP:.:/site/lib:/site/vendor:/usr/share/pear:/usr/share/php:/site/html') in /site/html/template/www.infoplease.com/trailer.php on line 412