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GM posts record US automotive loss of $38.7B for 2007, offers buyouts to 74,000 US workers (Waxahachie Daily Light)

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February 15, 2008 by newsbot

DETROIT (AP) – General Motors Corp. reported the largest annual loss for an automotive company Tuesday and said it is making a new round of buyback offers to U.S. hourly workers as it struggles to turn around its North American business amid a weak economy.

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