GM Posts Second-Quarter Loss

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General Motors Corp. posted an unexpected quarterly loss on Wednesday as high costs for materials and worker health care outweighed strong car sales and good results from its finance arm.


The world’s largest automaker reported a second-quarter net loss of $286 million (51 cents per share).


The news capped a difficult second quarter for GM, which is struggling to regain market share from Asian rivals and saw its debt cut to “junk” status by the Standard & Poor’s rating agency in May.


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