GM investments in future cut into bottom line as company misses Wall Street forecasts

The Associated Press

FILE - In this Monday, Jan. 13, 2014, file photo incoming General Motors CEO Mary Barra watches the North American Truck of the Year and Car of the Year awards at the North American International Auto Show in Detroit. General Motors reports quarterly earnings on Thursday, Feb. 6, 2014 (AP Photo/Paul Sancya)

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But Stifel analyst James Albertine wrote that GM's European restructuring may take longer and be more expensive and risky than management is saying. GM still expects to break even before taxes in Europe by the middle of this decade.

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