GM (GM): At Least Europe Is Working

After seeing its June sales in the US fall 21% and its marketshare here fall to an all-time low, GM (GM) picked up some sales in Europe.

GM’s Europe sales in June rose over 10% to 215,000 and sales for the first half were up over 5%.

While Europe alone will not save GM’s bacon, a combination of rising sales there and in China and UAW concessions in the US may be just enough to keep the company on its feet.

As long as domestic sales do not continue their brutal fall.

Douglas A. McIntyre