*Analysis: GM badly lags Ford in Europe restructuring
11/3/12, 04:23 AM
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http://m.foxbusiness.com/quickPage.h...685&pageNum=-1
The GM plan "allows investors to at least stop obsessing over Europe and refocus attention on North America", said Jeffries analyst Peter Nesvold. "While we felt as though Ford's had more granular details, the end goal is the same."
GM YEARS BEHIND FORD
The European cutbacks at Ford are expected to generate savings of $500 million annually by 2015, compared with a cumulative $500 million in cost savings pledged for Opel in 2013-2015.
But Ford says structural costs also will increase over the next several years as it broadens its product range in Europe to include more expensive, higher-margin vehicles.
GM YEARS BEHIND FORD
The European cutbacks at Ford are expected to generate savings of $500 million annually by 2015, compared with a cumulative $500 million in cost savings pledged for Opel in 2013-2015.
But Ford says structural costs also will increase over the next several years as it broadens its product range in Europe to include more expensive, higher-margin vehicles.
11/3/12, 09:42 AM
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Its difficult to say what's GM's strategy in Europe, since they now own three companies that compete against each other (Chevy, Opel and Peugeot).
11/4/12, 12:44 AM
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Was it an MB style take over of Peugot?
GM's Opel problems just seems to get worse as they keep extending plant closures and chug along with extreme overcapacity - as if they can somehow beat the sales depression (which I hear will be as bad as the slump in 1993)
Frankly the impression I get is that GM has spectacularly weak management - a bunch of enfeebled old men with steering wheels on their collective heads content to run GM into the ground.
I know thats a very simple view that doesn't take into account when your dealing with the complexities of government and unions but thats just the way it feels.
GM's Opel problems just seems to get worse as they keep extending plant closures and chug along with extreme overcapacity - as if they can somehow beat the sales depression (which I hear will be as bad as the slump in 1993)
Frankly the impression I get is that GM has spectacularly weak management - a bunch of enfeebled old men with steering wheels on their collective heads content to run GM into the ground.
I know thats a very simple view that doesn't take into account when your dealing with the complexities of government and unions but thats just the way it feels.
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