The automotive industry refers to the sector of the economy that focuses on the design, development, manufacturing, marketing, and selling of motor vehicles. This includes cars, trucks, buses, and motorcycles, as well as the related components such as engines, transmissions, and electronic systems. The industry encompasses a wide range of activities, from the production of raw materials to the assembly of vehicles and the provision of aftermarket services. It also involves a network of suppliers and manufacturers, including those that produce parts and accessories. The automotive industry plays a significant role in the global economy, influencing employment, trade, and technological innovation. It is also impacted by regulatory frameworks, environmental considerations, and consumer preferences, including the increasing shift towards electric and autonomous vehicles.
Nissan preserves all five domestic manufacturing plants, emphasizing resilience and adaptability. This strategic decision supports workforce stability amid globalization and technological shifts. Nissan opts for restructuring over plant closures, reinforcing…