DETROIT — Citing financial losses, a downturn in the Western European vehicle market and shifting consumer preferences, General Motors Corp. announces a major restructuring of its European operations aimed at returning them to profitability. The announcement was made in conjunction with cutbacks being made in the U.S., including the elimination of GM's Oldsmobile Div. in North America. The changes, including a 10% salaried headcount reduction program and the elimination of car production ...

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