GM won't say how much profit it makes per vehicle, but the Center for Automotive Research estimates it at $2,405. That's almost $900 less than Ford, but nearly $1,000 more than Chrysler.
The situation is a lot different in Europe, where the Opel, Vauxhall and Chevrolet brands account for about 18 percent of the GM's global sales. GM's European sales fell more than 8 percent last quarter to 398,000. The Astra compact and Corsa subcompact were the most popular models. In South America, sales were flat for the quarter at 249,000.
European losses and a weaker outlook at home rattled investors. GM's stock price fell 56 cents, or 2.4 percent, to close at $22.37.
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