Auto News 5

Profit, profit, almost everywhere, except Europe and South America, pretty much sums up General Motors fourth quarter and 2015 financial results out today. Although it continued to reduce losses in the fourth quarter, GM failed to match arch-rival Ford which, finally, booked a pre-tax profit in the region last year and, ominously, announced more cuts just today. Like Ford, GM also booked a loss in basket-case South America but nonetheless booked a record profit across the board for 2015.