A GM Turnaround Takes Shape in a Brutal Market. Will It Catch Ford?

"I think you have to see the [Detroit Three] exit China as soon as they possibly can." -- John MurphyThat was what the Bank of America Securities analyst said at his highly regarded presentation of "Car Wars." The kicker is that this strong suggestion was made almost exactly a year ago, and the automotive market in China has only deteriorated further due to a lack of demand, excess production capacity, and a brutal price war.But General Motors (NYSE: GM) and Ford Motor Company (NYSE: F) have decided to buckle up and fight on, and there's recent data to suggest that GM is moving in the right direction. Let's take a closer look.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool