General Motors net income dropped 42 percent to $1.66 billion in the second quarter, primarily because of the sale and restructuring of its European operations.
Excluding those costs, the company recorded a profit of $2.43 billion, down 11 percent from the second quarter in 2016.
GM had a decline in sales in North America. Before interest and taxes, GM earnings in North America were $3.4 billion.
This was better than expected by analysts.
GM CFO Chuck Stevens said the company expects to build 150,000 fewer vehicles in the second half of the year than in the first. That would be a 15 percent decline versus the second half of 2016.
