Daily news and opinion from le Chat Marchet
December 4th, 2008 at 12:21 pm

GM pledges faster cost-cuts in return for bailout (Reuters)

Posted in: Uncategorized

General Motors CEO Rick Wagoner (C) wipes his brow as he arrives to testify about a proposed bailout plan for the US domestic auto industry at a hearing of the Senate Banking Committee on Capitol Hill in Washington, December 4, 2008. (Jonathan Ernst/Reuters)Reuters - General Motors Corp pledged to Congress on Thursday that it would accelerate labor and other cost cuts and try to reduce its mountainous debt in return for a government bailout.


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