Prospects for the global car market
The global car market is facing decline in 2003, led by market falls in North America and Western Europe. However, other regions of the world - led by East Asia - are seeing further car market expansion this year. In 2004, projections for livelier economic growth underpin the resumption of car market growth in Western Europe and North America. However, the trend towards an increasing share of global car demand being accounted for by emerging markets will continue.
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