GM to detail 4 U.S. plant closures this week-paper

Newswire

FRANKFURT, Nov 21 (Reuters) - General Motors Corp Chief Executive Rick Wagoner will announce plans this week to close four U.S. assembly plants, the Automotive News industry paper reported on Monday, citing a "company insider". It said the move was part of an effort by the world's biggest carmaker to quiet Wall Street speculation about a possible bankruptcy. It quoted its source as saying the planned cutbacks would come in a "bold announcement" that should "cause a lot of people to shut ...

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