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Genuine Parts, Motion Industries sales fall in Q2

Genuine Parts lost $564 million in the second quarter, with most of that attributed to divestitures, on total sales of $3.82 billion, which were down 14.2% from the year-ago period. Its Motion Industries unit saw sales fall 21.1% to $1.33 billion, although much of that decline was attributed to the sale of EIS.

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