GM, Ford Keep Chins Up in Europe – Wall Street Journal
As General Motors Co. was emerging from bankruptcy in 2009, the Detroit auto maker nearly divested its Opel AG unit in Germany to embark on a fresh approach to Europe. The company’s board rejected a sale, deciding to implement a costly fix-it plan.
Six years later, investors are still waiting for the payoff.
GM, along with domestic rival Ford Motor Co., has amassed deep losses in Europe since the U.S. economic crisis even as…