Moody’s Investors Service in its latest Industry Outlook says:
- Stronger than expected Chinese demand is likely to boost sales for car manufacturers to 4.8% in 2014,
- The global sector outlook is thus stable over the next 12-18 months
- Chinese car market growth continues to be above GDP growth rates
Also:
- European light vehicle sales expectations are unchanged
- rising risks for light vehicle demand, especially in Brazil and Russia and they lose momentum
