After weeks of speculation about the solvency of General Motors Corp., CEO Rick Wagoner announces aggressive cost-cutting measures expected to generate $15 billion in savings through 2009. “These (actions), along with current cash and available credit lines, will provide us with ample liquidity through 2009, even with conservative U.S. sales assumptions of about 14 million light vehicles through 2008 and 2009 and continuing high oil prices,” Wagoner tells employees in a conference call ...

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