GM and Ford Grow Ever-More Dependent on Declining Home MarketBy
North American units supply nearly all the carmakers’ profits
Both companies have cut U.S. auto industry sales forecasts
Ford Chief Financial Officer Bob Shanks put it plainly when explaining his company’s quarterly financial results Wednesday: “Effectively, every dollar we earned in the automotive segment was earned in North America.” It’s a similar story at GM, which reported all but about $200 million of adjusted profit came from the region…
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