Bad News from GM The Detroit News reports that General Motors, the world's largest automaker, announced yesterday that it expects its worst quarterly loss ($847 million) since 1992 and much lower than forecast profits for 2005. The carmaker will cut merit pay raises and retirement funds and may also cut jobs and health care. Read GM's dire outlook jolts auto industry in the Detroit News Posted/updated Mar 17, 2005 by Andrew McFarlane (Absolute Michigan) click to Send This Story to a Friend! Main Michigan News Page Go Back One Page

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