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General Motors

World news about “General Motors” published by euronews.

24/07 19:49 CET

General Motors profit hit by recalls, faulty ignition switch compensation fund

General Motors profit hit by recalls, faulty ignition switch compensation fund

General Motors has reported a much lower second-quarter profit. Net income fell to $190 million from $1.2 billion in the same period last year. That reflected the cost of numerous recalls of vehicles and an expected $400 million for a compensation fund. The money is being…