Financials

Production in Europe will average annual growth of more than 5% from 2004 to 2008, then begin slowing to mostly small year-to-year upticks through 2011, based on the latest projection by Ward’s AutoForecasts. An expected slowdown in demand in the region toward the end of the decade, and a loss of export production as manufacturers move assembly sourcing to local markets, will impinge on long-term

byHaig Stoddard, Industry Analyst