General Motors Co.
, the world’s largest automaker, is worried that Europe’s economic weakness will affect the second half of 2012, the company’s top executive said.
“You can see softness in Europe,” Chief Executive Officer Dan Akerson told an audience at the Executives’ Club of Chicago. “If there were a meltdown in the euro, which I don’t think there will be, I think it would be pretty impactful on, certainly, the United States” and China.
Akerson, who oversaw GM regaining its title of world’s largest automaker last year and posting a record full-year profit of $9.19 billion, is pushing the company to boost operating margins and fix its European operations, which have lost $16.4 billion since 1999. Read Article