GM Is Europe’s Headache, Too
Posted on Mar 5, 2009
If GM strikes out in Washington, the automaker could take its troubles to Europe, the second continent where it has asked for a bailout. That’s because GM operates plants in six European countries, to the tune of 300,000 jobs.
The company is hoping for good news, especially since its auditors announced it may not survive much longer.
Earlier this week, GM’s top executive warned the European divisions of General Motors (GM) could collapse within weeks without European governments’ help - costing up to 300,000 jobs.
Chief operating officer Fritz Henderson also said governments should step in immediately to ensure GM Europe did not run out of money by April or May.
Flickr / Smith
GM does not make the smart car, which may be part of its problem.