FILE - In this June 12, 2012 file photo, General Motors Chairman and CEO Daniel Akerson addresses shareholders at the company's annual shareholder meeting in Detroit. A big loss in Europe dragged down General Motors' second-quarter profit. The automaker's net income from April through June fell 41 percent to $1.5 billion, $1 billion less than the same quarter a year earlier, GM said on Thursday, Aug. 2, 2012. A $361 million loss in Europe, coupled with $19 million of red ink in South America, pulled down strong performances in North America and Asia. In last year's second quarter, GM made $102 million in Europe before taxes. European nations are struggling to contain a debt crisis, weak economies and high unemployment, which have sapped car buying in the region.(AP Photo/Carlos Osorio)