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News Summary: GM 2Q earnings fall 41 percent

By The Associated Press
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THE NUMBERS: General Motors’ second-quarter earnings fell 41 percent as European losses offset strength in North America and China. But the company still made $1.5 billion in the quarter.

THE PROBLEMS: GM has too many factories in Europe, where economic problems have chased people away from buying cars. Sales also are starting to slow in the U.S., GM’s biggest income source.

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