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Wed, Jul 09 2008 

 

General Motors CEO Rick Wagoner speaks at the Consumer Electronics Show (CES) in Las Vegas in this Jan. 8, 2008 file photo. General Motors Corp. on Tuesday, Feb. 12, 2008 reported a $38.7 billion loss for 2007, the largest annual loss ever for an automotive company, and said it is making a new round of buyout offers to U.S. hourly workers in hopes of replacing some of them with lower-paid help.
Paul Sakuma / AP

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