GM Q2 net drops 42% on Europe exit

General Motors said its net income dropped 42 percent to $1.66 billion in the second quarter, primarily because of the pending sale and restructuring of its European operations.


Former Chrysler CEO Nardelli named chairman of power storage company

Former Chrysler chief Bob Nardelli was named chairman of Ioxus, a company that develops transportation power storage technologies and alternative energy.

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