Automotive Business
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Another victory received by Henry Ford was a patent battlewith George B. Selden. Selden, who had never built an vehicle, held a patent on a “street engine”, on that foundation Selden was paid royalties by all American car producers. Ford overturned Selden’s patent and opened the American car market for the building of inexpensive cars. The assembly line lowered manufacturing costs for vehicles by lowering meeting time. Ford’s famous Model T was assembled in ninety-three minutes.
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Innovation The automotive industry is driving innovation and international technological development. Today’s car represents essentially the most sophisticated technology owned by most consumers. Over 1.three million vehicles , seventy eight,270 commercial automobiles and 2.5 million engines have been built within the UK in 2019.
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