China Poised to Overtake Europe as the World's Biggest Car Producer in 2013

Even if Europe wasn't experiencing economic and structural problems that have deeply affected the domestic car industry, it would only be a matter of time before China with its growing economy and massive population overtook the Old Continent as the world's biggest automotive producer.

However, with Europe in a deep recession, it's just going to happen faster than we thought.

In fact, according to projections made for the Financial Times by five forecasting groups, including IHS, LMC Auto and PwC consultancies along with investment banks UBS and Credit Suisse, China will produce more vehicles than Europe this year for the first time ever.

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