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During our childhood, we've read a good deal about flying chariots in may divine stories. Though we would not believe it, we now see people traveling by airplanes. Traveling is now so simple nowadays. The automobile industry has also undergone a great deal of changes because the invention of steam engine vehicle. How many of you know that the Benz patent motor car of 1885 would have been a motorized tricycle? Today find an incredible number of automobiles on the highway, in several models, shapes, sizes, colors, and prices.
Automobile alliance co., ltd. and nsu GMBH co., ltd. merged in 1969 to form the audi nsu auto union ag. In 1985, the company was renamed audi ag and its headquarters moved to ingolstadt and the four-ring logo is still in use today
When used in business practices, technology can ensure the competitiveness of companies and other companies. But the cost of achieving, inventing or using technology, called intellectual property, is very high. Therefore, many societies, such as the United States, Europe, and Taiwan, would give the government protection from this investment, through the granting of patent, exclusive rights. This protection enables companies to invest in technical costs that can be recycled, thus encouraging innovation. But there is another point, too, that patent overprotection can hamper innovation.
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