Globally, car sales will rise about 3 percent this year, Mr. Da Silva said.
Cliffhanger Morsi's moment At last The road less travelled Britain's local labs ReprintsMeasured globally, car use will go on rising, for as people in emerging markets get rich, they want the mobility and status that car-ownership offers.
Another report, from Sanford C. Bernstein, an investment bank, argues that the "SOEs are lumbering, lack entrepreneurial spirit" and rely on foreign technology, while private competitors are "small, lack technology and sell low-priced cars".Despite decades of trying, China today "cannot build a globally competitive car", the report bluntly concludes.
Cars are one of the top contributors to greenhouse gas emissions globally, and cars in cities can be especially heavy with their contributions, owing to traffic and population density.
G.M. has sold more than two million Cruzes globally since the car's overseas debut in 2009, including more than 125,000 with diesel engines.
The company has sold over 6.5 million Jettas globally since the car was introduced in 1980.
While politicians and green lobby groups insist the future of transport is electric, in the past two months BP and Exxon have released data which points to electric cars making up only 4-54-5percentf all cars globally in 20-30 years. 20-30 years
But big oil companies, like BP and Exxon Mobil, are more sceptical, predicting electric cars will only make up 4-54-5percentf all cars globally over the same period.
In today's marketplace, green is out to pasture, adorning just 2% of new cars purchased in the US in 2012, and just 1% of cars globally, according to paint maker DuPont.
GM sold close to 10 million cars globally in 2014, more than 3 million of them in the U.S. Google has said its driverless car project won't be ready for market for five to 10 years.
This year the automakers will likely sell about 207,000 cars globally, 85,000 of them in the United States.
