GM posts profit, sees break even in Europe by mid-decade

Newswire

By Ben Klayman DETROIT, Oct 31 (Reuters) - General Motors Co on Wednesday posted a far stronger-than-expected profit and said it was targeting a return to break-even levels in its money-losing European operations by mid-decade after a loss of as much as $1.8 billion in that region this year. GM's net income attributable to common shareholders in the third quarter fell to $1.48 billion, or 89 cents a share, compared with $1.74 billion, or $1.03 a share, in the ...

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