Tatsuya Mizuno, director of corporates at Fitch Ratings, predicts that the global automobile industry will remain weak for another two to three years.
But he sees one somewhat bright spot amid the sector gloom: The Japanese auto makers.
Mizuno told CNBC he believes Nippon's car and truck companies will remain strong relative to the rest of the sector worldwide. See his predictions: Click video to watch interview.
Auto Giants: Japan vs. U.S.
Chrysler (privately owned)
Disclosure information was not available for Mizuno or for his company.