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Article: Low Car Ownership Rates and Rising Incomes have Turned Asia into a Gold Mine for the Automotive Industry.
- Article from:
- Business Wire
- Article date:
- June 27, 2007
CopyrightCOPYRIGHT 2007 Business Wire. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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DUBLIN, Ireland -- Research and Markets (http://www.researchandmarkets.com/reports/c60848) has announced the addition of The Asian Supplier Report 2007 to their offering.
Strong economic growth coupled with low car ownership rates and rising incomes has turned Asia into a gold mine for the automotive industry. The eventual shift in OEM's and auto-parts manufacturers focus toward Asia has led to a rapid growth in vehicle assembly in many parts of Asia, most notably China, India and South Korea.
Over the past decade the components industry has gone through a complete remodelling leading to the emergence of highly competitive global industry. Multinational ...