At that point, North America will represent less than 20 percent of world capacity, down from 25 percent of output in 2005, and more than 30 percent as recently as the turn of the century.
More Quotes from Carlos Gomes:
In Ontario, job losses in manufacturing have accelerated in recent months alongside announced layoffs in the key auto sector. However, Ontario's economy is well diversified and strength in the service sector, which accounts for more than 70 of overall employment and economic activity, should support vehicle sales of about 590,000 units in 2006 - in line with the average of the past two years.Carlos Gomes
Household income in India is advancing at a double-digit pace and estimates suggest that 24 million households will be able to afford a new car by 2007.
Carlos Gomes
Buzz does understand the nature of the industry, and he certainly knows that there's no way they can get the 4 or 5 gains they had previously. The difficulty that this industry is facing, it just isn't possible.
Carlos Gomes
We expect the westbound shift to accelerate in 2006, with sales climbing to a record high in Alberta, alongside expansion of the oil sands and high oil prices. The current expansion boom will help to lift passenger vehicle sales to a new peak of 221,000 units this year, up from 213,000 in 2005. Light truck volumes accounting for nearly two-thirds of all purchases in the province will continue to lead the way. Light truck sales in Alberta surged by 14 percent last year and now represent 18 percent of the Canadian total. In contrast, the province accounts for less than 10 percent of car sales in Canada.
Carlos Gomes
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