Cars and Drivers
Global Auto Report: No Good News For Big Three (DCX)(GM)(F)(TM)(HM)
Published:
Scotia Economics Global Auto Report is predicting a flat 2007 for worldwide vehicle sales. Units in mature markets like Canada, the US, Western Europe, and Japan could actually attriite. Sales in growing markets like China and India should continue to rise.
In general, the news is not good for the large US automakers. GM is doing well in China, which should help it in 2007. But, all three of the large US car companies are losing share to Japanese rivals like Honday and Toyota in the critical North American market, a market that may shrink this year.
Ford and Chrysler will not have a big enough presence in China or India to offset problems in their home market. GM will get some manner of help from sales in Asia. But, Ford and Chrysler need it more, and that won’t happen.
Douglas A. McIntyre can be reached at [email protected]. He does not own securities in companies that he writes about.
Essential Tips for Investing: Sponsored
A financial advisor can help you understand the advantages and disadvantages of investment properties. Finding a qualified financial advisor doesn’t have to be hard. SmartAsset’s free tool matches you with up to three financial advisors who serve your area, and you can interview your advisor matches at no cost to decide which one is right for you. If you’re ready to find an advisor who can help you achieve your financial goals, get started now.
Investing in real estate can diversify your portfolio. But expanding your horizons may add additional costs. If you’re an investor looking to minimize expenses, consider checking out online brokerages. They often offer low investment fees, helping you maximize your profit.
Thank you for reading! Have some feedback for us?
Contact the 24/7 Wall St. editorial team.
Editors' Picks
