General Motors aims to halt losing money in Europe this year, snapping a string of losses since 1999, chief executive Rick Wagoner told Reuters on Wednesday.

"Our objective for 2006 in Europe is to break even or do better," he said at the Geneva motor show. He said this would be before restructuring charges, which he did not expect to be large.

For the intermediate term, he said he wanted GM to reach a 5% profit margin in Europe, according to the news agency.