The automaker said it will repay $2.8 billion it owes to the United Auto Workers retiree health care trust, buy back $2.1 billion in common stock held by the federal government and make a contribution valued at $6 billion to its pension plans.
Continue reading General Motors to Cut Debt and Pension Obligations by $11 Billion
General Motors to Cut Debt and Pension Obligations by $11 Billion originally appeared on DailyFinance on Thu, 28 Oct 2010 15:10:00.
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