On Air Now

Listen

Listen Live Now » 106.1 FM Lansing, Michigan

Weather

Current Conditions(Holt,MI 48842)

More Weather »
54° Feels Like: 54°
Wind: SE 7 mph Past 24 hrs - Precip: 0”
Current Radar for Zip

Tonight

Mostly Cloudy 38°

Tomorrow

Cloudy 59°

Thurs Night

Rain 44°

Alerts

Detroit's Big Three hurting in Europe

by
A General Motors logo is seen on a Denali vehicle for sale at the GM dealership in Carlsbad, California January 4, 2012. REUTERS/Mike Blake
A General Motors logo is seen on a Denali vehicle for sale at the GM dealership in Carlsbad, California January 4, 2012. REUTERS/Mike Blake

DETROIT (WKZO) -- Detroit automakers could lose more than four-billion dollars in Europe this year.

The Big Three are struggling to push through the same kind of changes that helped save the U.S. industry just a few years ago.  Officials say, plant closures and layoffs are taking longer to implement and restructuring is more expensive because of powerful European unions and restrictive labor laws.  Sales in Europe are at 20-year lows for the automakers.

General Motors and Fiat reportedly stand to lose one-billion dollars this year and Ford nearly four-billion dollars combined in 2012-2013.

Comments