General Motors (GM), Ford (F) on Watch Following Q2 Results from Peer Chrysler

General Motors Co. (NYSE: GM) and Ford (NYSE: F) shares on watch following Chrysler Group LLCs preliminary second-quarter numbers.

The automaker said net income rose 141 percent to $436 million on a 23 percent jump in net revs to $6.8 billion.

Modified Operating Profit(b) grew to $755 million in the quarter, 49 percent higher than a year earlier.

Worldwide vehicle shipments rose 22 percent to 630,000. Worldwide vehicle sales were 582,000 for the second quarter, up 20 percent from the 486,000 vehicles sold in the second quarter of 2011.

GM shares are lower on the session, while Ford is in positive territory. GM will release Q2 results on August 2nd, while Ford reported a Q2 miss on pressure from Europe.

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