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STOCK MARKET VIEW
Turmoil in emerging markets will disturb big carmakers
Brazil and India slipping, Turkey, Russia too - Thank goodness for China, but will that last?
Published: Thu, 01 May 2014 19:06:53 GMT
 

India traffic motorbike Goa 2014

Emerging markets looked like a license to print money for hard-pressed vehicle makers for a while, but times are changing as economic frailties curb demand and foreign exchange turbulence makes business volatile and unpredictable.

Traditional markets are bringing in the profits with US sales sprinting ahead and Europe’s reviving more slowly, while China’s expansion continues, albeit with investors becoming more nervous about the possibility of the long awaited banking meltdown.

A report by LMC Automotive entitled “Are Emerging Markets the new Achilles heel of the Automotive Industry” points out that several emerging markets are under performing and the outlook for vehicle sales in previously high growth markets is being downgraded.

“While the US, China and Western Europe continue to be likely sources of expansion in 2014, driving our outlook for the year, a number of large and previously dynamic emerging markets have moved from growth to stagnation, or even outright contraction,” said Pete Kelly, managing director of LMC Automotive
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