Tuesday, July 3, 2012
Should Common MOTORS AND FORD PULL OUT OF EUROPE?
By Luca Ciferri, Automotive News Europe - Do General Motors and Ford Motor nevertheless need to compete in Europe? Do they actually want to hold building and promoting vehicles in a industry that has shifted from becoming low growth/low margin to no growth/no margin?Why continue losing cash in Europe when China is forecast to turn out to be a 30 million unit-a-year marketplace by 2020 and U.S. new car sales are poised to return to 16 million a year much sooner than expected?It really is not
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