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General Motors income down significantly

DETROIT (WKZO) -- The cost of recalling so many vehicles is affecting General Motors' bottom line in the second quarter.

The automaker reports an income of 190-million dollars, which is approximately 85-percent less than one year ago. The company has already spent 1.2-billion dollars in recall charges and estimates it will spend 400-million dollars for a victims compensation fund.

Officials with the automaker say they will not have final cost related to that fund until the middle of next year.

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