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US: GM to reduce financial leverage by US$11bn

General Motors has announced a series of actions aimed at further reducing financial leverage. The company expects these actions to reduce net interest cost and preferred dividends by US$0.5bn per year. "These actions will bring down our leverage by US$11bn by reducing debt and improving our pension funding position," said Chris It’s time to log … Continued

General Motors has announced a series of actions aimed at further reducing financial leverage. The company expects these actions to reduce net interest cost and preferred dividends by US$0.5bn per year.

"These actions will bring down our leverage by US$11bn by reducing debt and improving our pension funding position," said Chris

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