Car Production To Face Another Difficult Year

European passenger car production in 2009 declined to levels unseen since 1993 thanks to a 13% year-on-year (y-o-y) fall in output, according to estimates from the Association des Constructeurs Européens d'Automobiles (ACEA). BMI expects a small 2% y-o-y growth in vehicle output in 2010, most of which we expect to be a result of the low base effect from

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