Despite posting a loss of more than $3.25 billion in the first quarter, General Motors Corp. remains intent on increasing capital spending to fortify its product portfolio and meet the demands of stricter fuel economy regulations on the horizon. GM’s capital expenditures in the quarter rose $700 million to $1.9 billion, from $1.2 billion in like-2007. Chief Financial Officer Ray Young declines to provide specific guidance, but reiterates in a conference call to discuss first-quarter ...
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