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Bloomberg Businessweek reported that GM (NYSE:GM) says there will extra costs cuts for its distressed unit in Europe after the last turnaround plan did not stop losses there. Chief Executive Officer Dan Akerson said, "We have to match capacity with demand, and demand has been falling. There's a general recognition by all constituencies that the situation in Europe today is not a whole lot different than it was in the United States or North America, generally, three- plus years ago." General Motors (NYSE:GM) has potential upside of 18.3% based on a current price of $27.17 and an average consensus analyst price target of $32.13. |
Video: General Motors To Make Additional Cost Cuts At European Unit
Fri, 2012-02-17 12:20
#1
Video: General Motors To Make Additional Cost Cuts At European Unit
