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GM posts weak earnings in quarter

Paul Sancya, Associated Press

General Motors vehicles are shown on display at GM World at the company's world headquarters in Detroit on Thursday. General Motors Corp.'s earnings rose an unexpectedly slim 3.5 percent in the third quarter, hurt by continued use of costly incentives to lure American buyers and poor results in Europe, where it plans to slash operations and 12,000 jobs. The company earned 78 cents a share in the July-September period, far below the Wall Street consensus of 96 cents a share.