The Sky is not falling in the global auto industry

At this moment in time, the American auto Industry looks really bleak. However, that’s not the case everywhere.

Daniel Pool, adviser to National City Corp., insists the global auto industry is actually thriving.

"You have to look for companies that are responding well to technological change and rapid global growth," Poole said.

Good news about the auto industry comes as a suprise to most Americans, because; it is very hard to see past all of the lay-offs and chapter 11 bankruptcies that have taken place in the past few years.

Poole, however, was not oblivious to the problem in America, he just wanted his investors to understand the automotive world is not coming to an end and that companies will eventually pull out of this slump. Poole does predict that there will be a few more major bankruptcies in the next 11 to 18 months. 

See Also

• AutoWarranties.com
  Need an extended warranty on your used car?
• Auto Warranty Research
  What to look for when purchasing an auto warrany