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PwC Automotive Institute Global Forecast Revision

SpecialChem / Oct 24, 2008

The 14-month-old credit crunch has entered an alarming new stage that is quickly exposing vulnerabilities in adjacent sectors, such as automotive, where access to affordable credit is essential. The destabilization effects and collapse of consumer confidence caused by the crisis are spreading beyond the boundaries of the US and Europe and now threaten the emerging markets critical for OEM growth. It is unlikely that the auto sector will resume growth before 2010.

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