General Motors

GM's Earnings Drop in Third Quarter

Had profits in every region except Europe, which ruined it all

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General Motors on Wednesday reported profits in every region of the world except Europe, where it once again extended one of the longest losing streaks in the auto industry.

G.M., the nation's largest automaker, said its third-quarter earnings fell 14 percent because of another large loss in Europe, as well as slimmer profit margins in its core North American market.