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GM may announce production cuts, closings

Category: US News

Publish Date: 10-10-2008 08:05 AM -0700


Oct. 10: General Motors shares drop more than 30 percent to their lowest level since 1950 as the company faces a downgrade of its credit rating. CNBC’s Phil LeBeau reports. (Today Show)General Motors is likely to announce more production cuts and possible plant closures as early as next week, according to a report.



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