Bloomberg News

GM Economist Sees U.S. Leading Auto Sales Growth Ahead of China

January 09, 2012

Jan. 8 (Bloomberg) -- U.S. auto-sales growth this year may surpass that of China, where the government seeks to slow inflation and undergoes a change in political leadership, said Mustafa Mohatarem, chief economist for General Motors Co.

“I’m looking for more stability in China than the rapid growth we’ve become accustomed to,” Mohatarem said today at the Society of Automotive Analysts’ outlook conference in Detroit. “The most surprising thing to many will be that the U.S. will once again be in the leading position, especially when you think about the auto industry, but also from a global economy perspective. The world will be looking to the U.S. for economic growth.”

--Editor: Young-Sam Cho

To contact the reporter on this story: Craig Trudell in Detroit at ctrudell1@bloomberg.net

To contact the editor responsible for this story: Jamie Butters at jbutters@bloomberg.net


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