UPDATE 2-GE to stop GM program, unrelated to financial ills

Newswire

(Recasts, adds details, GM quotes) DETROIT, March 22 (Reuters) - General Electric Co. on Tuesday said it will not withdraw a $2 billion loan facility from General Motors Corp. due to cuts in the automaker's debt ratings, but it will exit the business for strategic reasons. Analysts said the news steadied trading in the stock and bonds of the world's biggest automaker, which has been shaken in recent weeks by falling confidence that the debt-laden auto giant could overcome soaring costs ...

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