Article: Regaining a winning formula.

General Motors Chairman Jack Smith believes GM Europe will recover from its current difficulties. He talked with Automotive News Europe's Georg Auer.

GM Europe remains a problem for you.

But in the late 1980s and early '90s it was one of the world's most profitable automobile companies.

What happened?

I wish I knew. It is a highly intensive capital business and you have to get it right all the time. It is easy to lose your way. So you have to start all over again. We need to do that in Europe. We still have to execute the turnaround. We clearly had some internal management problems in Europe that had to be dealt with. But we have made ...

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