Cars and Drivers
Europe Is Not A Way Out For GM (GM) And Ford (F)
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GM (GM) and Ford (F) each used to have remarkably profitable European operations. A large part of their annual net income came from the region.
Now, it looks like auto sales in the EU are getting as bad as they are in the US. According to the AP, “New car sales in Europe plummeted 27 percent in January from a year earlier, sinking to the lowest level in two decades.”
Douglas A. McIntyre
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