Automotive Industry
Industry: Email Alert RSS FeedAsians will keep gaining share, say auto execs.(News)
Automotive News Europe, January, 2006
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Byline: Lindsay Chappell
Auto executives around the world are predicting gloomy times for European and US automakers, and more gains for Asia's automakers.
In a survey released by the international consulting firm KPMG, 88 percent of those asked say they expect Asian vehicle brands to increase their global market share "at the expense" of European and North American brands over the next five years.
The annual KPMG survey also found that a majority of the 140 executives expect their profits to decline or remain flat through this decade.
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This year, 58 percent of ...
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