• The Detroit News , Tuesday, January 10, 2012 11:11 AM

Columnist Daniel Howes, no doubt writing from Cobo Hall in Detroit, notes that while there's always a black cloud hanging over the global auto industry in some part of the world, "for the first time in a long time it isn't above Detroit."

Where is it? In Europe, "where a sovereign debt crisis, political sclerosis and mounting recession fears represent significant threats to the bottom lines of just about every automaker playing in markets from France to Russia, from Sweden to the heel of the Italian boot."

He says that executives holding forth at the North American International Auto Show are worried about financial markets there, attributing the decreasing enthusiasm for shares in General Motors Co. and Ford Motor Co. to the crisis.

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