Auto Executives Dismiss Fears of Plateau in Global Auto Demand – Wall Street Journal

DETROIT—Convinced that low oil prices are here to stay, domestic auto executives shrugged off concerns about a potential plateau in global automobile demand, issuing bullish forecasts for 2016 and pledging billions of dollars in additional proceeds for shareholders.

Oil slipped below $30 a barrel earlier this week for the first time since 2003, as auto companies gathered in Detroit for an annual North American International Auto Show focused on self-driving and electric cars. Today, however, the world’s car companies are…