Auto industry analysts say they are surprised General Motors Corp.’s second-quarter results fell so short of expectations. GM announced July 20 that it lost $318 million in the quarter, or 56 cents per share, with North America contributing a $1.2 billion loss. (See related story: GM Continues to Bleed Red Ink in Q2) "The implication is that the third-quarter loss, when they switch over to the '06 models, may be worse than in the second quarter, so the loss for the year will be greater ...
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