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RSS Feed · 07-15-2008, 09:32 AM

General Motors said today it would cut salaried employment costs by 20 percent, sell up to $4 billion of assets and borrow at least $2 billion in a bid to bolster its liquidity by $15 billion through 2009.

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07-15-2008, 09:32 AM	#1
RSS Feed RSS Feed Robot Join Date: Sep 2007 Posts: 113,005 Name :	GM to cut jobs, bonuses, and dividend General Motors said today it would cut salaried employment costs by 20 percent, sell up to $4 billion of assets and borrow at least $2 billion in a bid to bolster its liquidity by $15 billion through 2009. More...