The automotive industry refers to the sector of the economy that designs, manufactures, markets, and sells motor vehicles. This includes a wide range of vehicles such as cars, trucks, motorcycles, and buses. The industry encompasses various components such as parts manufacturing, assembly of vehicles, wholesale distribution, and retail sales. It is a critical component of the global economy, influencing employment, trade patterns, and technological advancements. The industry also involves after-sales services, maintenance, and repairs. Key players include automobile manufacturers (OEMs), suppliers, dealerships, and service centers. The automotive industry is known for its innovation, particularly in areas like electric vehicles, autonomous driving technology, and sustainability practices.
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,…