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Bailout
: Calculated RiskGM Restructuring Plan
By Anonymous
General Motors said it would .... eliminate its Pontiac brand ... expects to cut its hourly work force [by 21,000 for the current] level of 61,000 ... It will cut its number of plants to 34 in 2010 from 47 now....Here is the press conference at 9 AM ET:
Full post as published by Calculated Risk on April 27, 2009 (boomark / email).
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