GM, South Korea to invest $4.35 billion in troubled unit
General Motors and South Korea agreed to inject $4.35 billion into the company's unprofitable local arm to keep it afloat after it came close to seeking bankruptcy protection.
GM Q1 operating profit falls 27% on lower pickup output; net falls 59%
GM's net income and operating profit fell sharply in the first quarter due to planned downtime of full-size pickup output, a restructuring in Korea and other costs. GM's earnings before interest and taxes declined 27 percent.
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