- GM A Step Closer To Exiting Bankruptcy
- Are Gas Prices Still Scaring Car Buyers?
- Ford Passes Toyota For #2 In The U.S.
- Studs, Duds, And The Musical Chairs In Autoland
- Going Fast. Deals And Models Harder To Find
- GM Enters Stretch Run To Exit Bankruptcy
- Marchionne's Silence Speaks Volumes
- Texting And Driving Worse Than Drinking and Driving
- Ford's Favored Status
- The Electric Car Race Heats Up
- 5-Star Manager's 5 Top Stocks
- Hey, What's Up Doc?
- Busch: Summertime Blues Hits Investors
- Chadwick: Recession and Scandals Pave the Way for Romney 2012
- Art Cashin: The S&P's 'Head and Shoulders' Number
- Michael Jackson: Death And Taxes
- Is Andy’s Mojo Back? We Asked Him
- GM A Step Closer To Exiting Bankruptcy
- Schork Oil Outlook: The Fear Trade
- Goldman Sees No Harm From Computer Programmer
- Justice Dept Said to Be Looking At Telecom Giants
- Lehman CEO: Firm Deserved Bailout or 'Wind Down'
- GM to Get Final $20 Billlion From US This Year
- Recession Special: Wine Cheaper Than Water!
- Facebook Director Sees 'Billions' in Revenue in 5 Years
- Jackson's Mom Asks to Manage Son's Estate
- Judge Gives Control of Jackson Estate to Executors
- The Weirdest Currencies in The World
RSS FEED

![]() |
AP |
After decades of the U.S. leading the pack, another region could knock us down a peg, and for that, you can thank the Russians. The explosive growth in auto sales (up more than 20 percent) in Russia and the rest of Eastern Europe has given the whole continent a major boost in sales. It's also the reason the Big 3, and other automakers around the world are turning their attention overseas.
GM [GM
Loading...
()
] tried to buy a stake in Russia's largest automaker only to lose out to Renault/Nissan. Does that mean GM is pulling back in that country? No. In fact, it's planning to expand sales of its Chevrolet and Opel brands in that country. Chrysler and Ford [F
Loading...
()
] are being just as aggressive.
All of this is why those investing in the auto stocks should be excited. The growth in Eastern Europe is real. Sure, it's not being reflected in those stocks because North America remains a money losing mess. But if Europe continues growing as it is, the automakers will cash in even more then they currently do in that region. And yes, they ARE making money there. Which is more than the Big 3 can say about North America. Who says those in first place always win?
Questions? Comments?








