GM to cut jobs, sell assets, raise cash to survive
(Reuters)
<p><img src="http://d.yimg.com/us.yimg.com/p/ap/20080715/capt.c732e07a787143f1b38f165273e48d87.general_motors_txmo101.jpg?x=130&y=94&q=85&sig=cQvOYzVmBWki6mfKbYOYGw--" align="left" height="94" width="130" alt="General Motors sign is seen through a fence at an auto plant in Arlington, Texas, Tuesday, July 15, 2008. GM has announce job cut due to a slowdown in sales. (AP Photo/LM Otero)" border="0" /> (http://us.rd.yahoo.com/dailynews/rss/topstories/*http://news.yahoo.com/s/nm/20080715/bs_nm/gm_dc)Reuters - General Motors Corp on Tuesday
announced a plan to cut costs by $10 billion, suspend its
common stock dividend and sell up to $4 billion in assets in a
bid to shore up cash and survive a deep industry slump.</p><br clear="all"/>
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