If you want to know in how big a trouble GM is in Europe, look at Ford. Ford’s European unit sales are similar to those of Opel. They also are likewise beleaguered. Ford’s EU sales were down 21 percent in February, Opel was down 15.8 percent. The big difference: While GM does not seem to be able to shed capacity anytime soon, Ford had taken swift action. (Read More…)
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