Has Europe Finally Bottomed out for Automakers?

Before you go, we thought you'd like these...
Before you go close icon

In the video below, analyst Brendan Byrnes discusses Europe and how it has been affecting the major U.S. automakers. It's been a disaster for both Ford and GM over the past few years, but it looks like there might be a hint of light at the end of the tunnel.

Ford's Europe president has said that the industry may have hit bottom, which would be great news for both automakers. In Ford's case, the company lost $1.75 billion in Europe in 2012. Think about it this way: If the company would have broken even, that's a 30% increase on its $5.6 billion in earnings right there.

Of course, Ford isn't projecting to break even in Europe until mid-decade, but it shows how important it is for the company. We chat more about how Europe affects both of these automakers in the video below.  


China is already the world's largest auto market -- and it's set to grow even bigger in coming years. A recent Motley Fool report, "2 Automakers to Buy for a Surging Chinese Market", names two global giants poised to reap big gains that could drive big rewards for investors. You can read this report right now for free -- just click here for instant access.

The article Has Europe Finally Bottomed out for Automakers? originally appeared on Fool.com.

Brendan Byrnes owns shares of Ford and General Motors. The Motley Fool recommends Ford and General Motors. The Motley Fool owns shares of Ford. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.

Copyright © 1995 - 2013 The Motley Fool, LLC. All rights reserved. The Motley Fool has a disclosure policy.

Read Full Story

Want more news like this?

Sign up for Finance Report by AOL and get everything from business news to personal finance tips delivered directly to your inbox daily!

Subscribe to our other newsletters

Emails may offer personalized content or ads. Learn more. You may unsubscribe any time.

From Our Partners