"World wide auto sales are up, not down. Just consider for a moment the economic expansion underway in China, India, and Russia. SS"
US is not THE world, you know there are other countries and markets out there. China now requiring EURO 5 equivalent standards on the emissions. Sure the global economy IS effected by the US and export growth WILL slow in China for sure. They are strongly entering European markets to offset the slowdown in the US. Last time I was in Europe about 5 years ago, few eastern countries and I was shocked how many Made in China products there were. Europe is trying to resist but not so sure they will succeed. The growth in auto sales in China and India and the rest of the emerging markets will greatly offset the downturn in the US. It will take time but its definitly accelerating greatly.