Blog: Record output
Dave Leggett | 25 October 2011
It's perhaps at odds with the prevailing mood at the moment, but the auto industry is heading for another record year. More vehicles will have been produced in 2011 than in any other year. The rise of China has got a lot to do with that, obviously, but volumes have also been rising elsewhere to produce another year of net gain. And what's more, there's a very good chance that 2012 will see another record posted (unless the global economy really goes over a cliff).
That's not to downplay some of the serious issues we're facing at present, especially in the developed economies of the world, but it's interesting to see how the overall picture for automotive output is being driven by emerging markets and how the global balance of the industry is shifting. (One clear beneficiary right now: the shipping specialists.)
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