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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

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Rising global vehicle sales and profitability have encouraged automakers to continue to increase vehicle production, providing the global economy with some positive offset to the dampening impact of the recent surge in energy prices, according to the latest Global Auto Report released on Friday by Canada-based Scotia Economics.

2011 199
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IHS Automotive forecasts 88.6M unit global light vehicle market in 2015; 2.4% growth

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million units—a 10% drop from 2013; with politics impairing Argentina and Venezuela, and the economic climate weighing down markets like Brazil, Chile and Peru, where it may take a few years for demand to recover to previous highs. The year preliminarily closed with 5.34 Europe; Russia influences.

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