Italian car sector: Time to do an oil change

10/22/2014 - Report
ic_blogtagItalyAutomotiveIndustrial ProductionSector Risk
Car registrations went up by +3.5% in the first nine months of 2014, after six years of decling and hitting a 35-year-low, and EH expects a +3% for the whole year.

Passenger car production is expected to increase by 3.4% in 2014 and 2015. A small but welcome increase, as production dropped to 380000 units in 2014 from 900000 in 2007 and nearly 1.5 milllion units in 2000.

Car components are showing stronger prospects. The recipe? 70% of the companies in the sector are exporters with a track record of innovation and technological superiority.

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Italian car sector: Time to do an oil change - Report