GM posts profit, sees break even in Europe by mid-decade

DETROIT (Reuters) - General Motors Co posted a surprisingly strong profit on Wednesday and said it was targeting a return to break-even levels in its European operations by mid-decade after a loss of as much as $1.8 billion (1.11 billion pounds) in that region this year. Shares of the automaker rose 4.9 percent to $24.42 in trading before the market opened. "We still have a lot of work to do, especially in Europe," GM Chief Financial Officer Dan Ammann said in a statement. GM's third-quarter net income attributable to common shareholders fell to $1.48 billion, or 89 cents a share, from $1. ...