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Automotive Industry in CESEE Region Booms

Published: December 28, 2012; 22:02 · (Vindobona)

According to an analysis issued by Austrian Erste Group, every fourth car produced in the EU in 2013 will be "Made in CEE".

Automotive Industry in CESEE Region Booms / Picture: © Flickr

“We see CEE car producers as an appealing investment. Every fourth car produced in the EU in 2013 will be "Made in CEE" as the former Czechoslovakia - with 2 million passenger cars estimated in 2012 - is now the second largest car producer in Europe right after Germany. CEE car production is continuously gaining share on expense of car producers from Southern Europe benefiting from…

This article includes a total of 199 words.

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