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Shares of General Motors (GM -3.7%) dip after the automaker's performance in Europe appears to...

Shares of General Motors (GM -3.7%) dip after the automaker's performance in Europe appears to be even more sluggish than anticipated. The bleeding could get even worse, according to analysts. A phenomenon known as "peak-car" is affecting demand as the car market reaches closer to a saturation point with less drivers amid widespread economic troubles. As a result, a bounce back to previous levels of sales is not widely anticipated.
Comments (1)
  • Johan Luthor
    , contributor
    Comments (20) | Send Message
     
    Hence GM's strategy in Europe (whatever that is) is not sustainable. Either Europe requires massive investment by GM in the next 5-10 years, or GM should retreat by diveting OPEL. Divesting OPEL to Peugeot would cost, perhaps, 5 bn USD, but what are the options?
    16 Jan 2013, 10:52 AM Reply Like
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