U.S. automakers will continue to lose market share over the next five years to Asian and European manufacturers and the industry as a whole won't record peak profits for at least another two years, according to a global study released Jan. 2 by the accounting and tax firm KPMG LLP. The fourth annual survey recorded responses from 100 auto industry executives. More than half of the executives polled said they expect the global market share for U.S. automakers to decrease over the next five years, while 11 percent expect it to grow, half as many as in last year's survey, according to the Detroit News. About 80 percent thought Asian automakers would gain market share, while 47 percent believed the Europeans would see an increase, the News said.
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