GM Earnings Slump on Health Costs, Europe
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General Motors Corp. GM.N on  Wednesday said its earnings fell 37 percent due to growing U.S.  health-care costs and bigger losses from its European  automotive operations.
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European stock markets fell on Wednesday on profit-taking after bumper gains made the previous day, and as investors tracked a fresh batch of earnings news, dealers said.
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General Motors Corp. GM.N on  Wednesday said fourth-quarter earnings fell 37 percent due to  growing U.S. health-care costs and bigger losses from its  European automotive operations.
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FRANKFURT: General Motors Europe will chop 12,000 jobs over two years - around a fifth of its workforce - to lop 500 million euros ($673m) from costs at the loss-making business, it reaffirmed yesterday.First ...
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The world's largest car builder General Motors is to cut 12,000 European jobs, trimming $500m (Â£280m) from annual costs, it is reported.
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General Motors will cut around 10,000  jobs in Europe in a drive to save some 500 million euros  ($613.4 million) a year and return its loss-making operations  there to profit, a company source said on Wednesday.
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Europe&#39;s main stock markets fell Tuesday amid mixed corporate earnings news, and despite a rise by Wall Street overnight.
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RUESSELSHEIM, Germany - General Motors Europe announced Thursday that it will cut 12,000 jobs on the continent by the end of 2006 in a plan aimed at saving $617 million per year.  ..
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A strike at a General Motors plant in Germany began to squeeze the company&#39;s European production Tuesday as a lack of parts halted two other factories, while thousands of
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European stock markets eased back in early trading as dealers digested some disappointing earnings news on both sides of the Atlantic.
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General Motors Corp  on Tuesday  posted a quarterly loss reflecting a slump in its North  American market and losses at former finance subsidiary GMAC.
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Shares of General Motors Corp.  fell nearly 4 percent before the bell on Thursday after the biggest U.S. automaker reported third-quarter earnings that came in at the low end of its own estimates.
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General Motors Corp.  swung to a profit in the fourth quarter but fell short of Wall Street expectations on mounting mortgage losses from its former finance unit.
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Swedish carmaker Saab reduced its  annual sales targets as the General Motors  unit tries to  reach break-even, the head of GM Europe said in an advance  abstract of a report in Automotive News Europe on Saturday.
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Europe's main stock markets were falling, as some leading companies posted annual earnings to a poor reception from investors.
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Here's how hard it is to navigate today's fickle auto industry: Last year, General Motors Corp. managed to preserve profit in North America, but its market share tumbled. At the same time, GM's share of the European market rose to a five-year high, but the company lost a huge amount of money there.
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Business confidence in Germany, Europe&#39;s biggest economy, stagnated in October as oil prices rose to a record and job cuts at companies including General Motors Corp.