GM profits hit by recall problems

Earnings at the carmaker General Motors (GM) have slumped because of costs related to its vehicle recalls. Second-quarter net profits fell 85% from a year ago, to $190m (£112m), the company said.

GM recalls more cars over ignition concerns

General Motors (GM) has recalled more than 500,000 Chevrolet Camaro cars, mostly in North America, after finding a fault with the ignition system.

General Motors CEO says dividend, share buyback possible

DETROIT: General Motors CEO Dan Akerson says the company's finances are sound enough to consider paying a dividend or even buying more stock from the US government.

General Motors says China sales hit record high in July

SHANGHAI: US auto giant General Motors said Monday that its sales in China surged to a record 199,503 vehicles in July, defying a market slowdown and moves by a major Chinese city to limit car numbers.

GM posts quarterly loss on weakening euro

US car giant General Motors (GM) has reported a fall in profits due to weak sales in Europe, where the debt crisis has weighed on the euro.