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GM Narrows Quarterly Loss in Europe

General Motors Co. (GM), after losing more than $18 billion in Europe since 1999, narrowed its first- quarter loss in the region, outpacing Ford Motor Co. (F) and helping the automaker beat analysts’ earnings estimates.

GM’s European adjusted loss before interest and taxes was $175 million, compared with $294 million a year earlier, as the region’s economic slump continued to roil sales, according to a statement today from the Detroit-based automaker. Companywide profit excluding one-time items was 67 cents a share, exceeding the 54-cent average of 16 estimates compiled by Bloomberg…”

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