GM needs to sustain cost-cutting 'pressure'-CFO

Newswire

DETROIT, July 31 (Reuters) - General Motors Corp.'s North American results for the second-quarter showed that the automaker needs to "keep the pressure" on cost-cutting and address health care costs, Chief Financial Officer Fritz Henderson said on Tuesday. Henderson, speaking to reporters after GM reported higher-than-expected overall net income of $891 million for the June-ended quarter, said the $39 million net loss GM posted for its North American operations was not "satisfactory." ...

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