(WXYZ) - General Motors is trying to accelerate its turn around in Europe. The automaker is sending Vice Chairman Stephen Girsky to be the interim head of European operations.
Girsky is the third person to try and steer GM out of financial trouble in Europe, in the last year. All of the American automakers are suffering huge losses in Europe. GM Europe lost more than $250 million in the first quarter of the year.
Europe is undergoing problems similar to the recent recession in America. Several countries have financial problems, unemployment is high and most people are afraid to spend money right now. Strict labor laws prevent the automakers from downsizing, like they did in North America.
Copyright 2012 Scripps Media, Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.
Latest Auto News
Ford says it is closing its two Australian auto plants and ending production in the country in 2016 amid soaring manufacturing costs and plummeting sales.
General Motors Co. is recalling more than 27,000 Cadillac SUVs worldwide because the wheels can fall off.
Workers at Detroit's Big Three will be getting a little less free time this summer.