Global demand for light vehicles is expected to exceed 57 million units by 2004, according to a study by the Freedonia Group, Inc. The Cleveland-based industrial marketing firm forecasts worldwide demand to increase slowly at a rate of 1.6% as the North American market cools down and Western European demand declines over the next four years. According to the study, developing industrial markets in Latin America and Eastern Europe offer the best long-term growth opportunities for ...

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