GM in bid for European profits

General Motors hopes to achieve profitability in its European operations this year, addressing one of the problems that was not resolved by its 2009 restructuring in bankruptcy, the US automaker’s chief financial officer said yesterday. “We’re talking about achieving break-even this year, so that’s a tough ask, but ... the internal plan is still to try to achieve profitability this year,” Chris Liddell said at the North American International Auto Show in Detroit. GM's European Opel unit lost $1.3bn (£834m) in the first three quarters of 2010.