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Archive Home > 2008 > July > 16 > Cost cuts go deep at GM

Cost cuts go deep at GM

New set of sweeping measures intended to increase automaker’s liquidity by $15B

By Bill Vlasic / The Bulletin
July 16, 2008

DETROIT — With concern growing among investors about a possible bankruptcy filing, General Motors on Tuesday announced sweeping cost cuts and other measures to bolster its tenuous cash position.

But even as GM unveiled plans to increase its liquidity by $15 billion, the automaker....

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