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$2B? No thanks.

Bruce Nunnally

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General Motors Corp. has informed President Barack Obama’s auto task force that the struggling automaker will not need a $2-billion loan in March from the U.S. government, as it previously said it would, the company said early today.

GM Chief Financial Officer Ray Young, in a statement, said the company won’t need the money so soon because cost cuts at the company, as well as other measures, are resulting in savings.



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