Production Hit By Economic Depression

Vehicle production in Ukraine fell by a staggering 83.6% year-on-year (y-o-y), to 6,501 units in May, according to estimates from The Ukrainian Motor Vehicle Manufacturers Association (Ukrautoprom). BMI expects 2009 to be a difficult year for most carmakers as we forecast annual production to fall to 372,360 units, down from 400,467 units produced last

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