The automotive industry consists of a wide range of companies and organizations involved in the design, development, manufacture, marketing, and selling of motor vehicles. It is one of the world's most important economic sectors in terms of revenue.
The automotive industry began in the 1890s with hundreds of manufacturers that pioneered the horseless carriage. For many decades, the United States led the world in total automobile production. In 1980, the U.S. was overtaken by Japan and became the world's leader again in 1994. In 2006, Japan narrowly passed the U.S. in production and held this rank until 2009, when China took the top spot by doubling the U.S. production, while Japan was in third place.
The automotive industry is an important global driver of growth, income, employment, and innovation and automobile enables a degree of flexibility and mobility that was undreamed of a century ago. Consequently, the automotive sector impacts global economic activity in a variety of ways.
The automotive industry is a major industrial and economic force worldwide. It makes 60 million cars and trucks a year, and they are responsible for almost half the world's consumption of oil. The industry employs 4 million people directly, and many more indirectly.
Despite the fact that many large companies have problems with overcapacity and low profitability, the automotive industry retains a very strong influence and importance. The industry also provides well-paying jobs with good benefits, has heavy linkages with supplier industries, which gives it an oversized role in economic development, and has a strong political influence.
We, ConnectedSky, are concentrating on representing the legal interests of business and people in the automotive industry. We are structuring international distribution agreements, supply-chain agreements and we also offer guidance in matters of corporate governance and corporate formation for achieving high levels of tax optimisation and are available to serve as outside general counsel.