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Scotia Economics report sees double-digit increase in global vehicle production in first half of 2011; China to surpass European vehicle output this year

Green Car Congress

Surging car sales in China are also lifting vehicle production in Western Europe, especially Germany. In the report, Gomes noted that the auto industry will also add to economic growth in Latin America. While this is a moderation from a 15% jump in 2010, the industry will continue to support economic growth.

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IHS Automotive forecasts 88.6M unit global light vehicle market in 2015; 2.4% growth

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The size of the contraction of the Russian car market remains a significant wild card that will impact the European market throughout the year, according to the analysis, while other countries in the region continue to recover at a rate of 2.5 The North American market will continue its upswing, though the pace differs by country.

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