Column: On the Road
The media days preceding the 2010 North American International Auto Show in downtown Detroit kicked off to a pace that indicated far more optimism than the subdued, wake of an auto show that ran in 2009. At last year’s show, little did we know what was in store for us in the coming months – GM and Chrysler filing for bankruptcy, the lowest vehicle sales in 25 years – and it isn’t likely 2010 will be any less entertaining.
Optimism, though, seems to permeate through the show this year. Ford Motor Co., the only domestic automaker not to take bailout loans from the government, swept the North American car and truck of the year for the 2010 Ford Fusion Hybrid and 2010 Ford Transit Connect. Only two other automakers have taken the double header in the 17-year history of the award.
And GM’s chairman and CEO Ed Whitacre told reporters at the show that the federal government “had made a great investment” in effectively purchasing GM, and that he expected some $6.7 billion in loans to be paid back this year.
There still are sobering issues to deal with, though, and product will trump any good intentions as the year winds on. [Full Story]