Global automakers, in the midst of one of their best years ever, are poised to rake in even greater profits the rest of this decade, according to a new report. The challenge, especially for the Big 3 (GM, Ford, Chrysler), is increasing production in North America, where sales have returned to pre-recession levels.
"North America and China are the greatest profit pools," said Hans-Werner Kaas of McKinsey & Co. "China, in particular the premium market, will see the greatest growth."
McKinsey noted global auto profits will grow by 50 percent by 2020, with more than half of that coming from China. The report projects emerging markets as the area where automakers will be primed to grow revenues.