GM hopes debt sale to put pension problems behind

Newswire

By Michael Ellis DETROIT, June 27 (Reuters) - General Motors Corp. hopes the proceeds of its massive $13.2 billion debt offering will put problems with its underfunded U.S. pension plan behind it, a spokeswoman said on Friday. "We've become the poster child for pension plans. Our intention is to put this issue behind us," GM spokeswoman Toni Simonetti said. GM will use almost all the proceeds from the $13.2 billion debt offering, completed late Thursday, to fund its pension and ...

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