Tag Archives: Global carmakers

Global carmakers need to look beyond ‘BRICs’ for growth

Global automakers must look beyond China, India, Russia and Brazil to other clusters of emerging countries if they want to get their share of growth worldwide, a consulting firm said.

The countries beyond the four large markets known collectively as the BRICs, a name derived from the first letters of each nation, will account for one-fifth of global new-vehicle sales by 2020, according to a report released by Boston Consulting Group.