COMMENT: General Motors: losing ground in Europe
August saw sales of new cars fall by 7% across Europe - but for GM Europe, the decline was 8.1%. Although the Saab division is performing well, GM's plans to turn its core Opel and Vauxhall divisions around are not working fast enough. Both brands still lack punch in buyers' eyes. General Motors' European division is continuing to register falling sales, after successive declines in June, July and August. Sales for the company fell by 8.1% in August, against a national average of 7%, despite a new model launch and a strong performance from Saab, its subsidiary. GME lost $240 million in the first six months of the year.
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