Auto Industry, Second Quarter Earnings | featured news

GM profit falls 41 percent on weakness in Europe

General Motors said Thursday that its second-quarter profit fell 41 percent as losses in Europe and South America cut into strong North American earnings.

 

Chrysler Profits From North American Sales

Chrysler reported its second-quarter profit soared as its predominately North American operations shielded it from the European economic slowdown on plaguing its U.S. competitors.

 

Ford, Chrysler see a mixed second quarter

Both companies report rising sales, but Ford Motor Co. says profits fell about 8% compared with the same period last year as the automaker paid off debt and invested in new vehicles.

 

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