DETROIT (WKZO) -- Detroit automakers could lose more than four-billion dollars in Europe this year.
The Big Three are struggling to push through the same kind of changes that helped save the U.S. industry just a few years ago. Officials say, plant closures and layoffs are taking longer to implement and restructuring is more expensive because of powerful European unions and restrictive labor laws. Sales in Europe are at 20-year lows for the automakers.
General Motors and Fiat reportedly stand to lose one-billion dollars this year and Ford nearly four-billion dollars combined in 2012-2013.