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Auto industry stages big-time comeback.(Global Economy)
The world's automobile industry saw production and sales soar in 2010 following a precipitous plunge in 2008-09, according to the latest Vital Signs study from the Worldwatch Institute, Washington, D.C.
The top four auto producers--China, Japan, the U.S., and Germany--continue to account for the majority (53%) of global production, although China's accelerated growth has eclipsed all other contenders. That country has more than tripled light vehicle production since 2005, reaching 16,800,000 in 2010, as many as are produced in the U.S. and Japan combined.
Worldwide, industry analysts expect production of light vehicles to experience strong growth in the coming years. …
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