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Saturday, June 23, 2018
car safety

General Motors’ Profit Skids On Recall Costs

New York (AFP) — General Motors on Thursday posted a sharp drop in second-quarter profit as the automaker took heavy charges for safety recalls and a compensation fund for victims of faulty ignition switches. GM net profit dived 85 percent to $190 million, missing analyst expectations. A year ago the company posted a $1.26 billion […]

July 24, 2014