ASEAN recovery continues despite setbacks
The ASEAN vehicle market expanded by over 12% in 2003 to more than 1.51m vehicles, driven by moderate to strong growth in all but one market - Malaysia. The region overcame significant difficulties last year, including the SARS outbreak, the threat of terrorist activity and - with the exception of China - generally weak export markets. Strong domestic consumption was the main driving force behind growth, as Tony Pugliese reports.
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