The European Car Making Mess

I wrote this article in December 2009: http://tiny.cc/BVGf2b
Just over two years later little has been done about European overcapacity. Both Fiat and GM closed a plant in 2011, but that was not enough by far. GM and PSA are trying to save costs with a cooperation deal as I mentioned in a recent article. That will achieve little if they both fail to bite the bullet and close factories. So what