ALERT: GM's profit falls 41% to $1.49 billion on European losses

BREAKING NEWS ALERT August 2, 2012

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GM's profit falls 41% to $1.49 billion on European losses Mike Colias General Motors today said net profit fell sharply in the second quarter, as widening losses in Europe partially offset “solid” earnings in North America. Net income for the April-June period dropped 41 percent to $1.49 billion. Revenue dipped 4 percent to $37.61 billion, largely due to the stronger dollar.  story  Follow Automotive News

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