GM 2Q profits plunge 42% on overseas restrurcturing costs

General Motors saw profits plunge in the second quarter after it took a hit from the cost of shuttering less profitable overseas operations, and the rest of the year looks challenging, the company said Tuesday.As car sales dipped in the cooling North American market, net income for the biggest US auto maker dropped 42 percent from the same period of 2016 to $1.7 billion, while revenues fell 1.1 percent to $37 billion.Chief financial officer Chuck Stevens said the automaker viewed adjusting its p