Automotive, Features

SEE: a land of promise for automotive industry investors

The International Organisation of Motor Vehicle Manufacturers (OICA) has said that 80.1 million motor vehicles were manufactured worldwide in 2011, a 3.1% year-on-year increase in global automotive production. The number of passenger cars produced rose to 59.9 million from 58.3 million in 2010.
The combined output of motor vehicles in the three Southeast European countries manufacturing them in 2011 – Romania, Slovenia and Serbia – fell by 9.5% from 2010 to 525,141 units.
Forecasts for the next three years indicate recovery for both global and European automobile production. Read more