Carmakers use the auto show in Detroit as a showcase for their latest production vehicles and sexiest new concepts. The whole affair is a celebration of unbridled optimism for the model year ahead. But apparently no one explained this dynamic to Wilbur Ross. The buyout maven, who dipped his toe into the auto industry last year by acquiring the European operations of bankrupt carmaker Collins & Aikman Corp., told Reuters before his scheduled auto show speech today that bad times are rolling along. Said Ross: “I think this could very well be a worse shakeout year for auto suppliers than we had even last year.” Spoken like a Moody’s analyst.—Jeffrey Kanige
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