Automobile Quagmire

REcently I came across a query put across Mr. Jack Welch in the International Column in 4P's. Will the Auto sector die out in the US. Sooner or later Mr. Welch retorted. Just like the coal and steel industry of US. The death of Auto Industry is seems imminent. But then what should a shrewd businessman do. Man you your self said exit the non-profitable businesses, enter promising sectors. Asian tigers are doing it better, sell to Asians. Quit manufacturing man, enter services. Yours is a developed economy right. Do any value added work. Or just lease the factories.
"Is the solution too simplistic Mr. Welch".