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Why GM profits dropped 40% in the second quarter

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  • Posted on 26th Jul, 2022 15:33 PM
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General Motors said Tuesday it’s moving to take more control over its supply chain in response to a dismal second quarter that saw profits fall 40% year-over-year as it shifts more towards EVs. The automaker reported second-quarter net income of $1.69 billion, a 40% reduction from the $2.84 billion…

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