The automotive industry refers to the sector of the economy that is involved in the design, development, manufacturing, marketing, and selling of motor vehicles. This industry encompasses a wide range of sub-sectors including automobile manufacturers, parts suppliers, dealers, and service providers. It primarily focuses on vehicles such as cars, trucks, motorcycles, and buses, and also includes components and systems such as engines, transmissions, batteries, and electronics. The automotive industry plays a significant role in global economies, influencing technological advancements, employment rates, and trade policies. It also faces challenges such as environmental regulations, sustainability, and shifts toward electric and autonomous vehicles.
Stellantis is undergoing a major reorganization to boost decision-making and execution across its operations. The restructuring emphasizes local empowerment, enabling regional teams to make critical decisions swiftly. Key leadership appointments,…