PwC lowers global auto build rate forecast

Oct 24, 2012 | 04:40 PM | Corinna Petry

Tags  Automotive assembly forecast 2012, global, automotive, PricewaterhouseCoopers, Europe, North America, capacity rationalization, Corinna Petry

CHICAGO — Worldwide demand for new vehicles has slowed this year, leading one consultancy to revise its global automotive forecast for the year downward.

Autofacts, a publication of New York-based PricewaterhouseCoopers LLP (PwC), forecasts global light vehicle assembly to reach 79.1 million units in 2012, down 300,000 from the 79.4 million units it forecast in the first quarter. A steady stream of disappointing news from Europe and Japan and....

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