PARIS (AFP) – – The world auto sector, after suffering a sharp decline this year, is set for a 5.0 percent sales rebound in 2010, a study forecast Thursday.
The IHS Global Insight research group said sales in 2009 were likely to plunge 14 percent, after a 5.0 percent decline in 2007-2008, before rising by 5.0 percent in 2010 and by double digits in 2011.
IHS Global Insight chief automobile economist Nigel Griffiths said the global economy and the auto market were no longer in free fall, with a pickup in sales and production expected to become evident around the middle of next year.
The turnaround, according to the study, would be aided by government support measures for the industry, such as tax incentives and bonuses for scrapping old vehicles and buying new ones.
Such measures should result in sales worldwide of 2.5 million cars this year, representing one-twentieth of total sales.
Auto sales in western Europe are projected to come to 12.2 million units this year, a drop of 10 percent, and 11.4 million in 2010, down 6.5 percent. A sustained turnaround in western Europe is not expected before the second half of 2010.
In North America, according to the study, the downward trend in the auto market is nearing an end and should be replaced by a modest recovery in the second half of this year.
IHS Global Insight foresees sales in North America of 11.2-11.3 million vehicles in 2010, after 9.7 million this year and 13 million in 2008.
September 18 –
International Equal Pay Day
“Increase wages now,
more than other cost items.
For widespread, practical equality!”
Invoke Article 33 of the ILO Constitution
against the military junta in Myanmar
to carry out the recommendations of the 2021 ILO Commission of Inquiry
against serious violations of protocols of
Forced Labour and Freedom of Association.
Accept the National Unity Government (NUG)
of Myanmar. Reject Military!
#WearMask #WashHands
#Report Corruption #SearchPosts #TakePicturesVideos
September –
5 Sept – Intl Day of Charity
7 Sept – Intl Day of Clean Air for Blue Skies
8 Sept – International Literacy Day
12 Sept – United Nations Day for South-South Cooperation
15 Sept – International Day of Democracy
16 Sept – International Day for the Preservation of the Ozone Layer
17 Sept – World Patient Safety Day
18 Sept – International Equal Pay Day
21 Sept – International Day of Peace
26 Sept – International Day for the Total Elimination of Nuclear Weapons
27 Sept – World Tourism Day
28 Sept – International Day for Universal Access to Information
29 Sept – International Day of Awareness of Food Loss and Waste
30 Sept – World Maritime Day
Monthly Observances:
Health, Safety and Sanitation Month
National Clean-up Month
Civil Service Month
National Peace Consciousness Month
Social Security Month
Rule of Law Month
National Teachers’ Month (Sept 5-Oct 4)
Weekly Observances:
Sept 17 – 23:
World Clean and Green Week
Week 2: Education Week
Week 4: Medicine Week
Last Week: National Family Week
Daily Observances:
Third Saturday:
International Coastal Clean-up Day
Third Monday: World Health Day
Last Friday: National Maritime Day
Sept 8: National Literacy Day
Sept 15: Philippine Medicine Day
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