(July 25, 2013) DETROIT — General Motors said its second-quarter net income fell 19 percent, to $1.2 billion, as higher costs from the rollout of its redesigned full-sized pickups and weaker results in Asia, excluding China, offset stronger pricing.

One-time items, including the acquisition of GM Korea preferred shares, subtracted $200 million from GM's net income. Earnings before interest and taxes and excluding those non-recurring items rose 7 percent to $2.3 billion.

Launch costs for the trucks during the April-June period kept a lid on GM's pretax profit in North America, which still edged higher by 4.5 percent, to $2.0 billion.

GM's losses in Europe narrowed to $110 million from $394 million a year earlier.

The result marks GM's 14th straight quarterly profit since it emerged from its 2009 bankruptcy. It has piled up more than $19 billion in profits since then.

"We continue to perform well in the world's two most important markets, the U.S. and China," said Dan Akerson, GM chairman and CEO. "We also made further progress in our European business and saw the steady performance of our global brands Chevrolet and Cadillac. For the rest of the year, we'll focus on winning customers with high-quality vehicles at a compelling value."