General Motors Europe sees small profit in 2004.(News)(Brief Article)

Automotive News Europe,  January, 2004  by Bongard, Arjen; Weernink, Wim Oude

• E-mail
• Print
• Link

Byline: Wim Oude Weernink, Arjen Bongard

Michael Burns is not ready to say that General Motors Europe has turned the corner. But, having just announced a net loss of $286 million ([euro]229 million) for 2003, the president of GME is confident that the company will break even or make a small profit in 2004.

"The goal is to become profitable, between zero and 100 million dollars," Burns said. "We have less cost, more product and better quality."

Burns added, that currency uncertainty and the pace of growth in the European market add up to "a lot of ...

Read the rest of this article with a Free Trial at HighBeam Research.