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Economy

European car sales are dropping and that's bad news for Ford, GM, and Chrysler

opel_gmeurope_flickr.jpg
GM Europe
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Flickr
GM sells the Opel Corsa GSi in Europe. General Motors CEO Daniel Akerson says the company's European car business is not for sale.

The latest word on new car sales in Europe is not anything that's bringing cheer at GM, Ford and Chrysler headquarters.

New car sales in Europe have just suffered their worst June in 17 years, and the six-month number is the worst in 20 years.

Reporter Russell Padmore from the BBC in London joined us today to give us a look at what's behind this protracted free fall in European car sales.

And what do these European car sales numbers mean to folks at the RenCen in Detroit, Glass House in Dearborn, or the Tech Center in Auburn Hills? In other words, how are the poor sales in Europe affecting GM, Ford and Chrysler?

For that we turned to auto analyst Michele Krebs who’s with Edmunds.com.

Listen to the full interview above.

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