PARIS – The ongoing rise in the price of oil will result in the global small-car segment growing by 7.5 million units over the next seven years, says a study by PricewaterhouseCoopers Automotive Institute, located here. Petroleum prices have jumped 37% in the last five years, from $24 to $115 a barrel, the consultants say. “In the United States, for example, an increase of $1 a gallon at the pump last year resulted in a reorientation of the market by 5% (888,000 units) toward passenger ...
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