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12% SALES DIVE FOR GM, COST-CUTTING KEEPS PROFITS UP
Ford's rival, General Motors, reported a 12% drop in its May US vehicle sales.
It sold 219,470 trucks, a fall of 12.1% compared with a year ago.
Car sales fell 12.4% to 183,566 units.
But it raised its earnings estimate for the second three months of the financial year because of continued cost-cutting and the strong sales outlook for the year.
(BBC News)
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*Retired.
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