General Motors Corp.'s recent decision to reduce “non-critical” white-collar expenses is not a reaction to billionaire investor Carl Icahn's recent revelation that he intends to buy more than $15 million worth of GM stock, a company spokeswoman says. The cost reductions include restricting travel and overtime and eliminating contracted instructors. The spokeswoman says the cutbacks will remain in place at least until the end of the year. “This is not at all related to Carl Icahn,” says the ...
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