DETROIT -- General Motors posted its smallest quarterly profit of 2011 as European losses continued to plague the U.S. carmaker.
Global net income for the October-December period fell 7 percent from the year-earlier period to $472 million, while full-year earnings stood at $7.6 billion.
In Europe, the automaker reported an EBIT-adjusted loss of $600 million in the fourth quarter, which included $200 million in restructuring costs. The unit's results matched those of last year, the automaker said in a statement on Thursday.
GM Europe's full year EBIT-adjusted figures for 2011 showed a loss of $700 million, an improvement of $1.3 billion over 2010, the company said.
GM executives have said they are committed to fixing Opel/Vauxhall, its money-losing European unit, and are working on plans to stem the losses, although they haven't detailed any so far.