ABSTRACT
this chapter is concerned with the development of the industry which manufactures and assembles private cars. The purpose of this enquiry has made it necessary to adopt this limited, and somewhat arbitrary, definition of the motor industry; one which excludes producers specializing in heavy commercial vehicles, and the numerous manufacturers of parts and components. Attention is, thereby, concentrated on firms whose products are in fairly close competition, and whose conditions of development and survival are similar. It so happens that the manufacturers and assemblers of private cars also make most of the commercial vehicles and tractors, so that nearly all of the final output of the industry is covered by this definition.
