Big Three understate pension obligations - analyst

Newswire

By Justin Hyde and Michael Ellis DETROIT, Aug 22 (Reuters) - An influential Wall Street analyst said on Friday that Detroit's Big Three automakers may have understated their U.S. pension obligations by billions of dollars because they assume no future increases in pension benefits. In a report, which General Motors Corp. disputed, Goldman Sachs analyst Gary Lapidus said GM, Ford Motor Co. and DaimlerChrysler AG's Chrysler arm assume pensions for their U.S. hourly employees will not ...

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