Also suffering from the European contagion is Ford. The blue oval’s western European are down 10 percent in the first half of 2012, Reuters says. June sales are down a hefty 16.1 percent.
Once Ford releases Q2 results, overseas losses are expected to be up threefold from the $190 million recorded in the first quarter. Ford already fingered Europe as the culprit.
GM Europe has not yet reported first half sales figures for Opel. In May, Opel’s year-to-date sales were down 12.3 percent in the EU, Ford’s were down 12.8 percent. Please note that different companies have a different view of what is part of their “Europe.” The European manufacturer association ACEA will release its numbers next week.