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Facing future challenges in the automotive industry
The automotive industry is a growth industry. It has broken record after record in recent years. Sales and production in are booming. On the other side of the globe, North America’s strong recovery continues to surpassexpectations. 2013 marked the US’s fourth straight year of sales increases of over 1 million units. Europe hasn’t come back as quickly – but even here some manufacturers have posted record profits, and it looks like the region may have turned the corner in 2013. By 2020, annual global light mvehicle assembly is expected to increase by another 25 million units. The 100 million unit mark will be crossed even sooner – by 2017. In fact, by 2020 light vehicle assembly should top 107 million units.
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