European Economy Affects U.S. Automakers

European Sales Slump

- March 6, 2012

As Euro­pean auto sales appear to slump even deep­er, the effect for the bot­tom line of world automak­ers includ­ing Ford, GM and Toy­ota is clear­ly appar­ent. Ford is pre­dict­ing a $600 mil­lion loss this year and GM has already lost $747 mil­lion in 2011. Many automak­ers are cut­ting pro­duc­tion sched­ules there in order to avoid over­ca­pac­i­ty, and the GM-Peu­geot alliance may well mean job reduc­tions.