GM Finally Cuts Its Losses

General Motors said last week that its losses in Europe were finally starting to shrink. After years of false starts and empty promises, is GM on the right track at last?

John Rosevear
John Rosevear
May 8, 2013 at 6:00PM
Industrials

Last week, General Motors (NYSE:GM) reported that it lost $175 million in Europe in the first quarter -- much less than expected and much less than rival Ford (NYSE:F).

GM has lost more than $17 billion in Europe since 1999. Its problems there are chronic -- and deep. But is it finally on the road to recovery? In this video, Fool contributor John Rosevear looks at GM's progress and at how far the General still has to go in the Old World.