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GM profit nearly doubles
GM profit nearly doubles

Big profits from rising SUV and truck sales in North America helped General Motors nearly double its third-quarter net profit and more than offset its struggles in Europe and South America. The automaker posted net income of $1.38 billion, or 81 cents per share. In the year-ago quarter, GM made $698 million, or 45 cents per share. The July-September quarter was the first this year without significant charges for recalls. GM has issued 75 recalls in 2014 covering more than 30 million vehicles, costing the company more than $2.8 billion. Without $331 million in one-time items, GM would have made 97 cents per share, exceeding Wall Street's expectations. Analysts polled by FactSet...

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