General Motors Q2 Profits Tank On Overseas Losses

Agent009 submitted on 8/2/2012 Official Bell & Ross Timestamp: 8:57:42 AM

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General Motors, the world’s largest carmaker said Thursday that its second-quarter profit fell 41 percent losses in Europe and South America cut into strong North American earnings.



The U.S. giant said earnings before interest and tax (EBIT) adjusted was $2.1 billion, compared with $3.0 billion in the second quarter of 2011. Total restructuring expense included in EBIT-adjusted for the second quarter of 2012 was $0.1 billion.




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General Motors Q2 Profits Tank On Overseas Losses

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