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European losses puts brakes on General Motors

14th February 2013

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Guzelian

GENERAL Motors, the US parent company of Vauxhall, has reported a full year profit of $4.9bn, despite rising quarterly losses in Europe.The Detroit-based giant, said fourth quarter net income rose from $500m to $900m, despite it racking-up $699m (£451m) in losses from its European division, Opel, which it is in the midst of restructuring through plant closures, more efficient working and flexible operations.The company employs around 3,000 people in Ellesmere Port, where the Astra is made.GM noted that it "delivered a third s......for the full story register now for free or login below...


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