Clearly a sign of the intense incentives game auto makers are playing, General Motors Corp.’s second-quarter net income declines compared with like-2002, despite total revenues remaining essentially unchanged from year-ago. GM reports earnings of $901 million ($1.58 per share) for April-June, down from $1.3 billion ($2.43 per share) during like-2002. Revenues for the quarter were $48.3 billion, staying about even with like-2002. A May tornado that severely damaged GM’s ...

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