Detroit should not be in the business of gloating.
Its automakers have closed too many plants and cut too many jobs. They’ve lost too much market share and destroyed too much capital. They’ve disappointed too many investors to claim the high ground in the global auto industry.
That image is not likely to change until they successfully weather an inevitable slowdown. The industry also needs to parry the competitive threats posed by Silicon Valley, the coming mobility revolution and the battle for young, tech-savvy talent. Could Detroit be holding its own?