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Tuesday, February 24, 2026

G.M. Profit Falls 40 Percent as Costs Rise and Chips Are Lacking

General Motors is now being squeezed by inflation as well as a global computer chip shortage. The automaker said on Tuesday its profit fell by 40 percent in the three months ending in June mainly as a result of rising costs for parts and materials. The company reported $1.7 billion in profit for the …

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