Why are Detroit automakers losing out in Europe?
If you hear the word Europe, you might find yourself thinking of great places to travel, a rich history, or family roots.
If you're an auto executive and you hear “Europe,” you’ll likely sigh and take a couple of aspirin for your headache.
That's because the Detroit automakers stand to lose $4 billion in Europe this year. And with a collapse in auto sales across the pond, trying to muscle through the kinds of changes that saved the industry here in North America is a totally different challenge in Europe.
Michelle Krebs of Edmunds.com and Michigan Radio’s auto reporter Tracy Samilton discuss the bleak picture in Europe for Detroit automakers.
Listen to the full interview above.