04
Dec
00:00
Europe rebound seen aiding modest global automotive growth in 2015
Global demand for new vehicles should increase modestly in 2015, despite challenging conditions in some markets. The outlook for Europe’s automotive industry is positive, while in the US and Japan it is stable, according to credit rating agency Fitch.
European automotive sales are seen rebounding 4.5-5% year-on-year in 2014 after six years of decline, with a further 3-4% increase expected next year. “However, we also believe that the recovery is …
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