G.M. second quarter profits drop
Posted: Jul 25, 2014 2:22 AM EST | Updated: Nov 6, 2014 5:12 AM EST
New numbers are showing a drop in General Motors' second quarter profit.
The second quarter profits fell 85 percent as recall costs were over $1,000,000,000.
The auto-maker posted a net profit of $190,000,000.
That equates to 11-cents per share, whereas one year ago G.M, made more than $1,000,000,000 or 75 cents per share.