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Tag Archives: Chevrolet Europe restricting charges
Chevy’s European Exit Cost to GM More than $1 Billion
While the dropping of Chevrolet as a mainstream brand in Eastern and Western Europe by 2016 is a good strategic move for GM, the retreat will be costly to shareholders. GM estimates that it will take special charges of $700 million to $1 billion primarily in Q4 of 2013 and continuing through the first half of 2014. Continue reading
