GM says will take UAW buyout charge in 2006

Newswire

CHICAGO, March 22 (Reuters) - General Motors Corp. on Wednesday said that it would take a charge in 2006 to fund early retirement programs for its own hourly workers and eligible workers at bankrupt former subsidiary Delphi Corp. The world's largest automaker did not immediately specify the amount of that charge. Last week, GM estimated its liability associated with Delphi at between $5.5 billion and $12 billion.

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