GM Finally Cuts Its Losses in Europe

General Motors has lost a fortune in Europe since the late 1990s -- several fortunes actually, over $17 billion in losses. The restructuring that CEO Dan Akerson initiated late in 2011 was widely expected to be just the latest in a series of failed efforts to fix GM Europe's chronic problems.

Or was it? Much to the surprise of Wall Street, GM's losses in Europe have been shrinking -- and profits might not be too far off. In this video, Fool.com contributor John Rosevear looks at GM's latest results from the Old World, and explains why these changes could be a big deal for GM's stock price.

Despite its troubles in Europe, GM has had big success in China -- but GM's stock might not be the best way to invest in China's auto boom. A recent Motley Fool report, "2 Automakers to Buy for a Surging Chinese Market", names the two global auto giants poised to reap even bigger gains as China's vast auto market continues to grow. You can read this report right now for free -- just click here for instant access.


The article GM Finally Cuts Its Losses in Europe originally appeared on Fool.com.

Fool contributor John Rosevear owns shares of General Motors. Follow him on Twitter at@jrosevear. The Motley Fool recommends General Motors. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.

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