DETROIT – General Motors Corp. improved its cash position so much during the first quarter, when it earned $791 million excluding special charges, or $1.39 earnings per share (EPS) on revenue of $44.3 billion, that the auto maker paid large employee-related expenses ahead of schedule. GM took a $407 million after-tax restructuring charge for personnel severances in Europe – even though the job reductions will continue into next year – and made a large contribution scheduled for 2003 to its ...

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