Scotiabank sees auto production up in Q2 from Q1

Newswire

TORONTO, March 30 (Reuters) - North American vehicle production should climb to an annualized 9.5 million units in the second quarter from less than 7 million units in the first three months of 2009, Scotia Economics said on Monday in its global auto report. In the United States, rising unemployment and plunging consumer confidence cut sharply into auto sales, causing automakers to reduce their North American output by 50 percent, year over year, in the first quarter. Those levels should ...

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