Despite being hit with a $1.1 billion special charge, General Motors managed to deliver a second-quarter profit of nearly $1.2 billion, or $0.67 a share –- its biggest three-month profit since
emerging from bankruptcy in July 2009 –- with strong demand for its North American trucks helping fuel the strong performance. GM handily outperformed the Wall Street consensus forecast. In
China, GM posted records sales in the world’s largest car market for the first half of this year, but saw demand dip during the second quarter. It also has been forced to cut prices in a bid to
shore up sales.
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