Wednesday, July 4, 2012
Really should General MOTORS AND FORD PULL OUT OF EUROPE?
By Luca Ciferri, Automotive News Europe - Do Common Motors and Ford Motor nonetheless want to compete in Europe? Do they really want to keep developing and promoting automobiles in a industry that has shifted from being low growth/low margin to no growth/no margin?Why continue losing money in Europe when China is forecast to grow to be a 30 million unit-a-year industry by 2020 and U.S. new automobile sales are poised to return to 16 million a year considerably sooner than expected?It's not
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