"The makers of posher, pricier models—BMW, Audi, Mercedes, Land Rover—are at full throttle, fulfilling the desires of the emerging world’s new rich for fancy wheels. But most volume carmakers are in crisis: on February 15th Peugeot-Citroën said its carmaking operations lost €92m ($121m) last year. Fiat’s European carmaking operations lost €500m. And GM’s European division, Opel-Vauxhall, is said to have lost $14 billion since 1999." (Quoted from article)