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 Right at the very beginning of this global economic crisis in mid-2008 BRIC member countries Brazil, Russia, India and China were still seen as the darlings of the world autoindustry. Justifiably, there were high initial hopes that the underlying strength of demand in these fast emerging markets would be sufficient to soak up at least some of the slack from otherwise fast faltering automotive demand in some of the world’s hard-struck markets. Today, Brazil is barely growing again after an initial stumble during the beginning of this year, thanks to renewed government stimulants to prevent faltering domestic car demand. Russia, since the closing months of last year is dogged by shrinking domestic demand and India has also slipped into a downward spiral. China, despite slowing economic growth, this year still stands out as the only BRIC member with still healthy looking car sales growth...more MORE LIKE THIS: World car production recovery slowing 03 Sep 2013 Russia’s car sales rally fizzles out as year comes to a close 17 Jan 2013 China’s 2012 car sales beat expectations, again 19 Feb 2013
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