UPDATE 3-GM profit beats Street on aggressive cost-cutting in Europe

Newswire

By Ben Klayman and Deepa Seetharaman DETROIT, July 25 (Reuters) - General Motors Co posted a higher-than-expected second-quarter profit on Thursday as aggressive cost-cutting helped the U.S. automaker narrow its losses in Europe. Higher prices on new models such as the 2014 Chevrolet Silverado pickup truck and Impala large sedan boosted results in its core North American market. Executives said those results will improve further in the second ...

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