The economic turmoil, lack of consumer confidence and howls for “More austerity!” in Europe have delivered a UFC-like beating to every automaker’s books. And with some analysts still wondering if the current euro zone will even survive, it is obvious that it won’t be over soon. But is that a reason for both General Motors and Ford to stop doing business on the continent, as Automotive News Editor-in-Chief for Europe Luca Ciferri has written?

Funk Flex

The quick summary of Ciferri’s reasons for suggesting GM and Ford pull out is that “Europe is the biggest trouble spot in GM’s and Ford’s global empires and could prevent both from sustaining their current success.” Both are losing money there, are likely to lose money for a while, and have other profitable ventures they could focus on in China and a resurgent U.S. – and at least one analyst agrees with the suggestion.
Full story: Autoblog