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GM to Announce New Round of Major Cuts

$4 gas threatens workforce, car and truck production

By Rob Quinn,  Newser Staff

Posted Jul 15, 2008 2:37 AM CDT

(Newser) – General Motors is expected to announce another big round of cost-cutting measures today, Bloomberg reports. Insiders say the ailing automaker, hit hard as consumers leave gas-guzzlers standing in car lots, is likely to slash thousands of jobs and reduce production of trucks and SUVs for...   Read full story »

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