GM 1st quarter profit down 86% - 13abc.com Toledo (OH) News, Weather and Sports

GM 1st quarter profit down 86%

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It looks like a massive recall took a huge bite out of General Motors profit in the first quarter of the year. The automaker says profits fell 86 percent. This marked the company's worst quarterly performance since it posted a net loss after leaving bankruptcy protection in 2009. GM says the recall of seven million vehicles, because of a faulty ignition switch issue, cost the company $1.3 billion.
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