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Automobiles revolutionized transportation in the 20th century, changing forever the way people live, travel, and do business.
The auto industry has also reduced the overall cost of transportation by using methods such as mass production (making several products at once, rather than one at a time), mass marketing (selling products nationally rather than locally), and globalization of production (assembling products with parts made worldwide). Auto making became the world's largest manufacturing activity, with nearly 58 million new vehicles built each year worldwide. The automobile industry continues to be an important source of employment and transportation for millions of people worldwide
The three major automobile manufacturers are General Motors Corporation, Ford Motor Company, and Chrysler provide much of the industry's total direct employment in the United States, but increasingly automakers, such as Toyota Motor Corporation and Nissan Motor Co...
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