Production of passenger vehicles (cars and light trucks) rose from 74.4 million in 2010 to 76.8 million in 2011—and 2012 may bring an all-time high of 80 million or more vehicles, according to new research conducted for our Vital Signs Online service. Global sales of passenger vehicles increased from 75.4 million to 78.6 million over the same period, with a projected 81.8 million in 2012. The major driver of increased production and sales are the so-called emerging economies, especially China. Read more...
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