The automotive industry comprises a wide range of companies and organizations involved in the designdevelopmentmanufacturingmarketing, and selling of motor vehicles.[1] It is one of the world's largest industries by revenue (from 16 % such as in France up to 40 % to countries like Slovakia). It is also the industry with the highest spending on research & development per firm.[2][failed verification]

The word automotive comes from the Greek autos (self), and Latin motivus (of motion), referring to any form of self-powered vehicle.[clarification needed] This term, as proposed by Elmer Sperry[3][need quotation to verify] (1860-1930), first came into use with reference to automobiles in 1898.[4]

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