DETROIT (AP) -- General Motors says second-quarter profit fell 85 percent as recall costs chopped $1.5 billion from the bottom line.<br />
The automaker posted a net profit of $190 million, or 11 cents per share, including restructuring and recall-related expenses. A year ago GM made $1.26 billion, or 75 cents per share.<br />
Without one-time items GM would have made 58 cents per share, equaling Wall Street's expectations.<br />
So far this year GM has recalled almost 30 million vehicles, a company record.<br />
GM took a number of pretax charges tied to the recalls. They Include $400 million to compensate victims of ignition-switch related crashes; $874 million to account for recall expenses during the next 10 years; and $1.2 billion for recalls announced during the quarter. The after-tax impact of those items was
A blustery winter storm dumped snow and ice across the West on Wednesday, making driving treacherous in the mountains from California to the Rockies and forcing residents and party-goers in some usually sun-soaked cities to bundle up for a frosty New Year's.
Northeast Georgia Medical Center Braselton President Anthony Williamson said he would speak loudly in order to compete with the noise of construction crews outside the windows behind him. That sort of challenge expresses in a nutshell the story of the new hospital’s burgeoning inaugural year.
The Hall County School District will have to dip into the general fund in order to make sure all employees get a pay raise in the new fiscal year, but school board members think that's the right thing to do.
The search on Lake Lanier for a missing person has been temporarily suspended, with authorities finding no results in their hunt for a woman last seen late Wednesday night in the area of Lanier Point Park.