General Motors’ Next Big Problem: Making Europe Profitable

It wasn't all that long ago that General Motors' (GM) most reliable product might have been its earnings report for North America: Every quarter posted a huge loss, just like clockwork.

GM's operations at home were broken, a legacy of decades of poor products, and labor deals and infrastructure that the company could no longer afford. But now, thanks to the U.S. government and (it must be said) new managers who are mindful of the opportunity given to them by American taxpayers, GM's making a...