GM's stronger result has been attributed to the marque’s decision to slow production in some of its EU plants, plus the introduction of new models
2 August 2012

General Motors has revealed that its second-quarter $361m (£232m) European losses are less than originally projected.

The stronger result has been attributed to the marque’s decision to slow production in some of its EU plants, plus the introduction of new models, the Vauxhall Ampera and Zafira Tourer included.

GM CEO Dan Ammann said: "We're taking a lot of very decisive actions around Europe and we have been for a number of quarters now. 

"We clearly have more work to do to offset the headwinds we face, especially in regions like Europe and South America'"

By comparison, Ammann said that GM North America was returning “solid” results, partly thanks to increased interest from China.

Ford, too, has been hit by the European sales slump, revealing that it expects to lose £644m in Europe this year. 

 

 

 

 

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