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Reuters: GM burns $6.9 billion in cash, to cut costs

Started by chris, November 07, 2008, 05:59:14 PM

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chris

GM burns $6.9 billion in cash, to cut costs
      


DETROIT (Reuters) - General Motors Corp  posted a worse-than-expected $4.2 billion operating loss and burned through $6.9 billion in cash in the third quarter as the top U.S. automaker struggled with a deepening sales slump that has forced it to seek a federal bailout.</p><div class="feedflare">
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