Automotive output hits record high
Automotive production reached a record high in the first two months of the year propelled by strong car exports, data from the Automotive Industry Association (OSD) showed. The number of vehicles produced during the period rose to 266,490, up 22 percent from the same period last year, as factories ramped up production of exportfocused models. Car output alone jumped by 46 percent, the OSD said. Total automotive exports in January and February rose to 219,434, up more than 20 percent, while passenger car exports leaped 60 percent, the association said in a release on March
12. Output last month climbed 15 percent to 138,369, it added.