The COMPAS panel of CEOs and business leaders was asked for its prognosis and diagnosis of the U.S.-owned auto industry following news of the potential sale of Chrysler with Magna as one of the possible suitors.

Looking ahead ten years, panellists foresee no change in the strength of the U.S. auto industry vis-à-vis the Japanese car makers, or perhaps a very slight decline. Excessive union contracts and Japanese leadership in the adoption of quality control measures top the list of reasons for the comparative weakness of the American auto makers.

These are the key findings from the past week’s web survey of the COMPAS CEO and business leader panel undertaken for The Financial Post under sponsorship of BDO Dunwoody LLP.

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