GM drops after profit comes up short

|By:, SA News Editor

General Motors (GM) comes up well-short of analyst estimates for profit in Q4.

GM North America saw a EBIT-adjusted mark of $1.9B for the quarter, but Europe saw a loss and South America was flat.

The automaker says it's in "execution" mode now after going through a period of reducing capacity in key regions.

GM says it year-end pension obligation of $99B was about 80% funded.

GM -3.5% premarket