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Analysts make 2006 auto industry predictions

12/30/2005, 9:15 AM

By admin

A group of journalists and industry analysts assembled for the 37th annual “Predictions Lunch” this December. Last year, the group got a few things right, but even more wrong. They hope this year their predictions will be more accurate. The highlights? General Motors’ chairman Rick Wagoner gets the boot. GM’s product guru Bob Lutz finally retires. Las Vegas billionaire Kirk Kerkorian’s Tracinda takes a place on GM’s board. The Chinese make their move on the U.S. automotive scene. Management changes at Ford — again. The new Fusion and Edge (shown right) save Ford — for now — and the luxury group is dismantled. Toyota surpasses GM in worldwide sales. The Koreans set up a luxury channel à la Toyota’s Lexus. Honda builds a V8 in something other than a racecar.

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