WILMINGTON, DE – The recovery of General Motors Corp.’s money-losing North American operations will rely on four initiatives, including a cost-reduction plan that will reduce manufacturing employment levels in the U.S. by 25,000 or more jobs by 2008, or nearly one-quarter of the auto maker’s hourly workforce. The cost-cutting effort also includes shutting assembly and components plants, generating savings of some $2.5 billion, Chairman and CEO Rick Wagoner says here at GM’s annual ...

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