![[personal profile]](https://www.dreamwidth.org/img/silk/identity/user.png){kind=small}
ljpliceaseInteresting statistic, or more accurately prediction:
Today's controversies over high petrol prices and fuel-guzzling SUVs in the huge American market offer only a partial picture of the future facing the industry as a whole. It may well be fully mature in markets such as North America, Europe and Japan, where over-capacity continues to sap profitability. But globally the industry is set for huge expansion with the motorisation of China and India. Within a few years China will replace Japan as the second-largest national market after America. Some experts predict that over the next 20 years more cars will be made than in the entire 110-year history of the industry.I have some pictures and stories from my Washington trip (I just got back from Washington DC). I hope to post them tomorrow.
The Economist 8 September 2005
