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GM details savings from UAW health care deal (Reuters)
Published at 15 October 2007, 13:13 GMT

Rick Wagoner, chief executive of U.S. car manufacturer General Motors, delivers a speech during a presentation at the international car show IAA in Frankfurt September 11, 2007. General Motors Corp on Monday said it would shift $16 billion from an existing trust fund to a new trust being established to take over a $47-billion obligation to pay for health care for some 270,000 union-represented retirees. (Alex Grimm/Reuters)Reuters - General Motors Corp on Monday
detailed its expected gains from a new trust fund that will
take over its $47 billion retiree health care obligation as it
looks to capture even deeper savings from a still-pending round
of buyouts for its union-represented factory workers.


 
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