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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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In the report, Gomes noted that the auto industry will also add to economic growth in Latin America. Sales continue to advance in Brazil, Argentina, Chile and Peru, leading automakers to plan for an additional 13% increase in vehicle production over the coming year.

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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 million units; a 27% decline over 2014 and nearly 40% (1.2

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