Jul 15, 2008

Meanwhile, in Detroit

General Motors has a plan to save money that looks awfully familiar. From the Washington Post:

Struggling auto giant General Motors announced a number of sweeping measures this morning designed to raise cash and stay in business through 2009, including cutting an unspecified number of white-collar jobs, eliminating health-care benefits for retirees 65 and older, the possible sale of some of its model lines and the immediate suspension of dividend payments for investors.

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