Filed under: Investing
*General Motors * has lost billions -- $18 billion, to be exact -- on its troubled European operation since 1999. Its problems have been exacerbated by deep recessions in several European countries that have driven new-car sales to lows not seen in 20 years.
But despite the grim sales figures, GM managed to narrow its loss in Europe last quarter. The secret? A big change in strategy. In this video, Fool.com contributor John Rosevear looks at the latest sales figures from Europe -- and at what GM is doing to try to bring Europe back into the black.
Few companies provoke such strong feelings as General Motors, but ignoring emotions to make good investing decisions is hard. The Fool's premium GM research service can help you understand the real risks facing General Motors -- and the real opportunities for investors. Just click here to get started now.
The article GM Continues to Struggle in Europe Reported by DailyFinance 2 hours ago.
*General Motors * has lost billions -- $18 billion, to be exact -- on its troubled European operation since 1999. Its problems have been exacerbated by deep recessions in several European countries that have driven new-car sales to lows not seen in 20 years.
But despite the grim sales figures, GM managed to narrow its loss in Europe last quarter. The secret? A big change in strategy. In this video, Fool.com contributor John Rosevear looks at the latest sales figures from Europe -- and at what GM is doing to try to bring Europe back into the black.
Few companies provoke such strong feelings as General Motors, but ignoring emotions to make good investing decisions is hard. The Fool's premium GM research service can help you understand the real risks facing General Motors -- and the real opportunities for investors. Just click here to get started now.
The article GM Continues to Struggle in Europe Reported by DailyFinance 2 hours ago.