UPDATED: 7/25/17 8:34 am ET - adds details

GM Q2 net drops 42% on Europe exit

General Motors said its net income dropped 42 percent to $1.66 billion in the second quarter, primarily because of the pending sale and restructuring of its European operations.

U.S. reviews allegations that German automakers colluded, report says

U.S. Justice Department officials are looking into allegations that BMW, VW Group and Daimler colluded on technology, strategy and parts to gain an advantage over rivals, Bloomberg reported.