China to dominate world vehicle production

(Jan. 9, 2013) -- Vehicle production in China alone will climb to a 26 million units by 2016, a 7.5 million unit increase from 2012. By comparison, production in the United States, the No. 2 vehicle producer, is projected to increase by 1.3 million by 2016, while production in the third-highest producing country, Japan, is forecast to decline by 875,000 units over the next four years. In that same period, India will surge ahead of South Korea and Germany to rank fourth among vehicle producing countries.