A new report predicts European vehicle production will not return to 2007 pre-recession levels of 20.4 million units until 2014, but the U.K.’s Society of Motor Manufacturers and Traders says this is a more positive outlook than first expected. The SMMT says in a statement it expects output in the region this year to reach 17.2 million units (including production in Russia by Western European auto makers), up 6.8% from prior-year’s 16.1 million. The “European Car and LCV Production ...
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