Blog: Two bits of info to mull
Dave Leggett | 30 September 2003
Two. We have published a feature today that points out the extent of the investments taking place in central Europe. Of course, a fair tranche of that capacity will be allocated to growing local central European markets, but there will also be substantial exports to western Europe. Hyundai in particular, already on a sales roll in western Europe, will be eyeing markets on the west of the continent. The established European players will face more intense competition, especially in 3-4 years time when that central European capacity really gets going. Forecasts suggest that car production in central Europe will be some two thirds higher than 2002's production - that's two million units. And workers in central Europe are a lot cheaper than those in places like Wolfsburg and Cologne. That won't change fundamentally.
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