General Motors (GM 1.01%) 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.
