The global auto industry starts 2010 with an almighty hangover. Last year was awful but momentous. The US saw two of Detroit's “big three” automakers collapse into Chapter 11, then emerge, slimmer and under new ownership, after billions in taxpayer bail-outs. China, meanwhile, toppled the US from its decades-long position as the world's largest auto market. But what made 2009 less awful than it might have been – as well as propelling the Chinese car buyer – was government support, above all “scrappage” incentives.
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