Here is one takeaway from the recent Beijing auto show: Detroit's days in Asia are numbered unless it acts fast.
In the some of the world's largest and fastest-growing markets, General Motors, Ford Motor Co. and Fiat Chrysler Automobiles are going in reverse. Sales are sliding, down 45 percent from their peak. Ford and FCA have been losing money since 2017. Profits at GM are dwindling.
An irrefutable reality: Asia is the undisputed center of the global auto industry. China, Japan, Korea, Southeast Asia and India account for 40 percent of all vehicles sold. Asia's share will only get larger during the next 20 years.
Sadly, GM, Ford and FCA accounted for less than 10 percent of the 37 million cars and trucks bought in those Asian markets last year. Furthermore, most of that tiny sliver of sales is concentrated in one country and one company: GM's operations in China.
How did Detroit get here?