European Carmakers Must Deal with the Crisis Fast or Face the Consequences

A number of European carmakers are facing the same problem: they have more facilities and employees churning out more cars than they can sell.

Automotive CEOs acknowledge the fact and understand that something needs to be done about it. Fiat’s Sergio Marchionne has often said that European carmakers must consolidate or risk going down and he is constantly trying to tie-up the Fiat-Chrysler group with another carmaker.

GM’s Dan Akerson has stated that he's fed up with losing money with Opel and Vauxhall. However, the recently formed alliance with PSA Peugeot Citroen could provide a solution to this problem.

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