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Will China and India be big players in the global market for cars? And what is the current state of Europe's auto industry?
The U.S. auto industry is predicting a weak year. The U.S. companies have been trying to regain market share after years of losses to the Japanese and the Koreans, and this won't help them. I think the short term looks pretty bad.
The fact that the Fed has lowered interest rates may perhaps help some potential consumers buy automobiles. This is because the rates will go down on automobile loans and it will help some of them avert not bankruptcy but at least from defaulting on their auto loans...
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