After a couple of years straight out of a surrealistic doomsday novel, 2011 could be a breakout year for the Detroit Three automakers and their CEOs.
As part of the unprecedented times this community has faced--and survived--each of the Detroit Three is headed by a CEO who isn't originally from around here.
They came to Detroit from different directions with different skill sets, and they came because they were needed.
Since they arrived in town, the three CEOs--Alan Mulally at Ford, Sergio Marchionne at the Chrysler Group and Dan Akerson at General Motors--have been preoccupied with restructuring, cutting costs and ducking wave after wave of economic setbacks.
But that's about to change, thanks to the way they have done their jobs and an auto market that is slowly but surely heading back to a more normal pace.
Automotive News reports the analysts' consensus sales volume for 2011 is 12.7 million cars and light trucks. Some of the more bullish prognosticators say 14 million, given the right set of economic circumstances.
That's still a long way from the 17 million units the industry sold annually until the recession tanked the economy. But even the consensus volume of 12.7 million units would be is a solid 10 percent improvement over 11.5 million units sold in 2010.
The Detroit Three are ready to cash in.
But it hasn't been easy.
Since 2006 when he was hired away from Boeing, Mulally has recast Ford into a single, global entity, using the "One Ford" concept to unify product development, overhaul the company's culture and eliminate unnecessary overhead. Unlike the two cross-town rivals, Mulally--with the solid backing of the Ford family--did it by hocking the company to get the necessary capital, which ultimately kept them from succumbing to a government directed bankruptcy.
Ford's approach has made...