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GM Posts Worst Losses since 1992, Experts Recommend Job & Plant CutsThe Detroit News reports that General Motors lost $1.1 billion ($1.95 per share) in the first quarter of 2005 as the automaker was hit with sliding sales in North America and rising health care costs -- the company's worst quarterly loss since first quarter of 1992. In a related story, auto industry experts say carmaker has to cut more than 20,000 jobs and close four assembly plants.Read GM reports $1.1 billion loss as sales sink, costs rise in the Detroit News click to
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