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Has the US automotive sector shifted safely into top gear? PDF Print E-mail
Thursday, 16 April 2015

According to the latest press release from Coface, the bail-out for the US automotive industry, at a cost of 80 billion dollars and large-scale layoffs, traumatised the United States. Its automobile manufacturers are now rebuilding their competitiveness and benefiting from the upturn in US economic growth (forecast at 2.9% in 2015).

The industry has picked up and demand is being driven partly by easier access to credit, but at what price?

In 2015, Coface’s model predicts an increase in sales of 3.8% a sustained level of growth, but well below the level recorded in recent years.

The automotive sector needs to continue to look towards the future and the changes required to meet the new challenges ahead.

(Source - Coface Press Release)


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