In response to the EPA and U.S. Department of Transportation's proposed greenhouse gas and fuel efficiency standards for heavy-duty trucks, the Truck and Engine Manufacturers Association (EMA) said it continues to support efforts to assure that the EPA and DOT coordinate efforts and propose a single, national greenhouse gas reduction and fuel efficiency improvement program.
Analyst Insight: Car ownership in developing economies is on the rise. By 2020, annual world vehicle production could reach 85 to 90 million units. That will mean another 75 to 100 plants, each producing around 300,000 cars a year, will be needed, essentially in or close to the world's fastest-developing countries. Automakers have to create new global production strategies to serve these multiple diverse markets. – Pierfrancesco Manenti, Vice President, Research, SCM World