GM 1Q earnings fall 60 percent, triggering stock slide

GM 1Q earnings fall 60 percent, triggering stock slideGeneral Motors’ first-quarter net income fell 60 percent from a year ago, and its shares fell even though the numbers beat Wall Street estimates. GM says earnings and revenue fell because shipments to dealers dropped as factories were closed to retool for new full-size pickup trucks. Shares of GM tumbled 2.4 percent to $37.18 in Thursday midday training.

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