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28th
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In the full year 2014, Argentina, Brazil, India, Russia, Thailand & Turkey are set to become an even greater drag on global light vehicle markets than in FY13, declining by at 9.1% or 1.1m to 11.13m units. In the previous five years and during the global financial crisis they were key drivers. Sabine Blümel considers the implications for the industry. This second instalment looks at South America.