UPDATE 1-GM preparing further restructuring - WSJ

Newswire

(Adds GM comment) NEW YORK, May 29 (Reuters) - General Motors Corp is preparing to announce further restructuring to cut costs and conserve cash amid a downturn in U.S. truck sales, The Wall Street Journal reported on Thursday, citing people familiar with the matter. Chief Executive Rick Wagoner and top lieutenants are finalizing the moves, which have been discussed with the automaker's board, the Journal reported. Wagoner will announce the new restructuring measures at GM's annual ...

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