General Motors Corp. will contribute $13 billion to its under-funded pension account this fall after it wraps up negotiations with the United Auto Workers union, Chief Financial Officer John Devine says. GM’s pension fund was delinquent by $19.3 billion at the end of 2002. Considering a large chunk of GM’s work force is nearing retirement, the gap has been cause for concern among shareholders and analysts. GM declines to disclose its current pension fund position. But the assets in the ...
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