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GM Reports 2.5 Billion Loss and Cash Crunch in 3Q
General Motors posts a 2.5 billion dollar third quarter loss and warns it could run out of cash in 2009 without government aid. It suspends talks to acquire Chrysler, plans 3600 layoffs, and targets 5 billion in liquidity by year end 2009 through cost cuts and asset actions.
MENTIONED IN THIS ARTICLE
Detroit
Mich
General Motors Corp
U.S
Chrysler
Rick Wagoner
Ford Motor Co
North America
Wagoner
Wall Street
Thomson Reuters