Audio – Feeling for a bottom
It can’t get any worse.
Automotive executives and investors would love to have the answer to that question, but they just aren’t there yet.
General Motors Co Chief Operating Officer Fritz Henderson would like to think the industry — crippled in 2008 by a debilitating credit crunch, scared consumers and a worsening employment picture — was at the bottom.
But he’s not sure yet.
Henderson, like many of the auto execs at this year’s Reuters Autos Summit, continued to voice caution about his industry.
Henderson was one of the featured speakers on the first day of this year’s annual automotive road show for Reuters reporters and editors, whch runs through Thursday in Detroit.