GM Q2 earnings down 70%; far below market expectation

According to the Q2 earnings report from global top automaker GM, the profit plunged 74% from the same period last year to US$477 mln and per share earnings reached US$1.03, far below the market expecation. Turnover also dropped 5.4% from a year earlier to US$46.1 bln. GM eroded US$1.05, or 1.57% to close at US$65.99.

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