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Video: Indiana 2009: What about 2010?

03:46 min
By Cars.com Editors
October 1, 2009

About the video

We asked several of the Indiana residents we interviewed: What’s your outlook for the auto industry and Indiana, optimistic or pessimistic? They were surprisingly aligned in their answers, and those answers may surprise you.

Transcript

(suspenseful music) (suspenseful music continues) My outlook for next couple of years, I guess, would be cautiously optimistic.
I think we're, I think we've hit bottom and sure I'm not Greenspan or anybody like that, but I think we've hit bottom and it's gonna be a slow road back, so I think it's gonna come back, It's gonna be a while, but I think when we do, it does come back, we learn a lesson. We're maybe thinking like our parents did a generation before, we're not gonna be spending more than we make and I think we'll be better for it and they can't even be stronger for them. It's all done. (suspenseful music) I'm optimistic about the future because if you look at Fort Wayne in its history, we are always told, "You guys are the best. You guys do it the best," and again, it's validated by all these closings happening and we're still standing here and we're still working. I consider myself lucky and I could line up a hundred of my fellow brothers and sisters who would tell you the same thing, "Yeah, we're kind of lucky." So there is a sigh of relief to say, "Wow, we've got a future here." How long is the future? This is a new GM. This is a new way of doing business. It's not like it was just in January of 2009, so we can be optimistic today, but I can't tell you that January of 2010, that there's gonna be a great moment that we're gonna say, "Wow." I think we're gonna say more than we said it before, "I never saw that coming." It's just, there's so much change happening so fast, but we're taking it a day at a time, you definitely go to, "I'll take it a day at a time," because you really can't predict how things are gonna go. (suspenseful music) I would say we're very optimistic. Right now is still a downturn in the economy and we are still feeling it here, but we have heard from other towns, other cities where big plants have gone in, that over a 10 to 12 year period, you will see a great improvement in the community so even though we've not seen a bunch yet, as far as new homes being built and a lot more people here, over the next 10 to 12 years, we look to stay strong. (suspenseful music) I think there's some cautious optimism right now, I think they can be confident that Subaru and Toyota will be building vehicles here in Lafayette for a number of years. The cautious optimism is about the auto industry as a whole, I think, because you've not only got increased competition from China and other countries, but you've also got the fact that unemployment is still high, consumer spending hasn't really caught up confidence, hasn't caught up, yet, until those things start to really pick up, I think it's cautious optimism but definitely optimism. (suspenseful music) I'll look for all this is very optimistic, obviously, but I'm spending a lot of money doing this effort. It's very optimistic because I do believe that the financial markets is slowly returning and it's actually in some ways has been a good shakeup for all of us, to understand that we have to be more efficient and we do have to have that global identity. (suspenseful music)