Page 6 - Alex Luft News Today : Breaking News, Live Updates & Top Stories | Vimarsana

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Rob the cold harsh truth is GM was dumping billions into Europe and getting no where. This at a time where even Europe is buying less cars. Add to that they are going to force EV there so pulling out now let’s GM pump more money into the EV to challenge VW. Even Ford a long established brand in Europe if failing and declining in sales. Down under GM could not sell cars built in country cheap. Sales were declining for years as the country started to buy imported Mazda’s, Toyota’s and Hyundai’s that were built in Korea and Malaysia at much cheaper labor. They low ball the prices and e...

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Sponsored Links A two-month factory shutdown, a slow return to previous production levels and challenges facing customers who wish to place orders for new cars – all of it caused by restrictions imposed during the ongoing COVID-19 coronavirus pandemic – combined to make 2020 a memorably difficult year for automakers. For GM, the largest effect in business terms was a U.S. sales decline of 12 percent to 2,547,339 from the 2,887,043 sales in 2019. Although other factors were also involved, COVID-19 was the single biggest factor responsible for the downturn. Every one of GM’s four brands s...