Originally Posted By: fdcg27
So GM abandons Europe?
Maybe not that great of an idea.
Hey guys, I have an idea!
Let's dump Opel and consolidate in the US and China!
Yeah, China is sure enough a good market for GM, but Europe could be as well.
This would be a little bit like GM dumping some of its American brands that have considerable brand equity.
Oh, wait, I guess they already did that.
New GM may be even more clueless than Old GM.
They dumped subsidiary that is responsible for everything that has to do with downsizing. So GM is trying to survive in the era of downsizing, by dumping company that has knowledge how to do it.
Typical problem of American companies, where CEO's are fighting how to post best quarterly numbers so they get huge bonuses. Cut a little, cut a little more, cut little, little more, until there is nothing to cut. But, yeah there are always American taxpayers to foot the bill.