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22 Oct
11:39

Auto industry seen rebounding in 2023, threats await

Global automotive production growth will continue to slow to 1% in 2019 and will rebound by around 2023, according to EU-Metal Vice President Europe Roberto Ripollino. Increasing purchasing power and a low ownership rate should help drive Turkish automotive sales in the coming years, but 2019 sales in both Turkey and Russia will be limited by an unfavourable economic environment. Cars are on their way to becoming completely autonomous, while in future tech compa…
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