Moody's cuts its forecast for 2013 growth in the auto industry to 2.9% with downwards revisions...

|By:, SA News Editor

Moody's cuts its forecast for 2013 growth in the auto industry to 2.9% with downwards revisions to sales in Europe and China pushing the overall global projection lower. The ratings agency maintains a stable outlook on the sector for the next year to 18 months, needing an outlook of 5% growth or better to move to a positive outlook.