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Cars and Drivers

Global Auto Report: No Good News For Big Three (DCX)(GM)(F)(TM)(HM)

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By Douglas A. McIntyre Published
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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.

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About the Author Douglas A. McIntyre →

Douglas A. McIntyre is the co-founder, chief executive officer and editor in chief of 24/7 Wall St. and 24/7 Tempo. He has held these jobs since 2006.

McIntyre has written thousands of articles for 24/7 Wall St. He is an expert on corporate finance, the automotive industry, media companies and international finance. He has edited articles on national demographics, sports, personal income and travel.

His work has been quoted or mentioned in The New York Times, The Wall Street Journal, Los Angeles Times, The Washington Post, NBC News, Time, The New Yorker, HuffPost USA Today, Business Insider, Yahoo, AOL, MarketWatch, The Atlantic, Bloomberg, New York Post, Chicago Tribune, Forbes, The Guardian and many other major publications. McIntyre has been a guest on CNBC, the BBC and television and radio stations across the country.

A magna cum laude graduate of Harvard College, McIntyre also was president of The Harvard Advocate. Founded in 1866, the Advocate is the oldest college publication in the United States.

TheStreet.com, Comps.com and Edgar Online are some of the public companies for which McIntyre served on the board of directors. He was a Vicinity Corporation board member when the company was sold to Microsoft in 2002. He served on the audit committees of some of these companies.

McIntyre has been the CEO of FutureSource, a provider of trading terminals and news to commodities and futures traders. He was president of Switchboard, the online phone directory company. He served as chairman and CEO of On2 Technologies, the video compression company that provided video compression software for Adobe’s Flash. Google bought On2 in 2009.

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