GM’s Profit More Than Doubles – Wall Street Journal

Posted: Friday, July 22, 2016

General Motors Co. posted its best financial quarter in the seven years since emerging from bankruptcy even as Brexit concerns have the Detroit auto giant raising a caution flag for the second half of 2016.

Results for the quarter benefited from a continued shift in the U.S. to high-margin trucks and sport-utility vehicles from passenger cars, steady sales increases in China and improved conditions in Western Europe.

GM’s…

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