
What difference only three years can make: in 2009, U.S. sales had dipped to their lowest point in the last 25 years, while sales in China were increasing exponentially.
Today, the picture is quite different. The U.S. auto market has recovered and according to a report from Autonews, it may be the safest bet for profitable growth. Emerging markets including China, India and Brazil, which until recently looked like the land of opportunity for carmakers, are slowing down.
“The U.S. is now the high-growth market in the world as much as India or China”, said senior partner for Boston Consulting Group, and adviser to the 2009 government bailout of GM and Chrysler, Xavier Mosquet. “The worst thing five years ago was to be a U.S. automaker or supplier....