Holy anticipation, Batman!
Time for the second bold prediction of the week (here is the first,) and it’s only Tuesday. According to Steven Rattner, the current layout of the entire automotive industry “has been restructured to make money,” and by midway through this decade, companies will be “gushing profits”- with General Motors leading the way.
For those of you that don’t recognize Rattner’s name, he was charged with the duty of leading President Obama’s automotive task force from February 2009 until July last year, just after The General emerged from a bankruptcy. He also wrote a book, titled Overhaul: An Insider’s Account of the Obama Administration’s Emergency Rescue of the Auto Industry that gives the reader a point of view through Rattner’s eyes and actions.
Now if only the market would rebound enough for it to sell 15 million vehicles a year, because at the moment that number seems nearly unreachable. For the year of 2009, the total automotive market in the ‘States sold just over 10 million vehicles. However with the positive sales figures we’ve seen thus far for 2010, the market could be well on its way up to the goal.