Smiles, record sales, surging profits.
There hasn't been this type of energy at the Detroit Auto Showin years. To quote Chrysler CEO Sergio Marchionne, "It's a different world. It's like a throwback to the 90's. This is the kind of atmosphere we used to have at the Detroit Auto Show when things were going well."
Hmmmm. I'm not sure that's a good thing or a bad thing.
Yes, back then the U.S. auto industry was racking up huge profits pumping out big SUV's powered by cheap gas. Detroit's automakers were defiant whenever someone suggested the Big 3 should be worried about not getting their costs lower. Yeah, we know what happened a few years later.