|
|
![]() China, helped in no small matter by American consumers’ rekindled appetite in new cars, came once more to the rescue of the world’s automotive industry, offsetting the ill-effects of weak demand in most of mainland Europe Last year’s global passenger car production, thanks chiefly to yet another big boost from China and the US, rose 5.6 per cent to 74.6m units from the 70.6m recorded in the previous year, according to VDA data. The biggest net contribution to last year’s global car production tally came from China, the absolute car sales and production dynamo during the recently endured global car sales famine. True to form, driven for yet another year by markedly faster than earlier expected domestic demand, most of China’s car plants continued to run at full tilt. The still dizzying rate of China’s car sales rate, doubly underlined last year by a near 19 per cent sales surge from domestically built cars to 14.8m units, was naturally echoed in the output pace at most of China’s car plants, according to AID compiled data for last year. 16.4m
|
|
|
To continue reading this article, please register for a free sample without obligation... Please note that eagleAID.com is a subscriber-only site, and as such it can only be viewed by subscribers to the newsletter. |