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GM profits hit by recalls

GM has reported an 80% drop in second-quarter net profit, with earnings hit by $2.5 billion in pretax charges related to vehicle recalls and money set aside to fund a compensation plan for victims of crashes linked to defective ignition switches. http://online.wsj.com/articles/gms-profit-hit-by-recalls-tumbles-80-1406201978?mod=WSJ_hp_LEFTWhatsNewsCollection

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