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PWC: Car industry in recovery, say experts

18. August 2010. | 09:38

Source: MIA

International consulting company "Pricewaterhouse Coopers" forecasts the global production of passenger cars in 2014 will be 50 percent higher compared to the pre-crisis period.

International consulting company "Pricewaterhouse Coopers" forecasts the global production of passenger cars in 2014 will be 50 percent higher compared to the pre-crisis period.

China will remain the leading global car producer, whereas U.S. and Japanese companies will take part with 10 percent each in the global output.

"PricewaterhouseCoopers" experts say "Volkswagen-Suzuki", "Toyota" and "GM" will have the biggest production.

China has already become the largest car market in the world. Local factories produced 13,7 million vehicles in 2009, i.e. 3.3 million more than U.S. companies.

Global car output in 2010 will increase by 13 percent compared to last year, reaching 64,5 million vehicles, which demonstrates that the industry has exited the crisis.

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Topics: Car industry

Company: "Pricewaterhouse Coopers"

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