In this video, Blake Bos describes three areas investors need to watch with General Motors (GM -1.15%). First, GM's European operations. GM has lost substantial sums in Europe since 1999 and currently has way too much production capacity relative to the market. This needs to be addressed. Second, the U.S. government still holds a pile of GM stock. If the government were to sell its holdings, GM may have to pay a premium for it. Third, GM's latest products have done well, but this product strength needs to continue. GM has a reputation for making so-so cars and more than one good product year is needed to reverse this perception.