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GM Plans Pay Cuts For Salaried Workers 
Mish's Global Economic Trend Analysis | by Michael Shedlock(noreply@blogger.com) | Mon, Feb 9
As it stands, the government loans fall below existing debt secured by most assets for Auburn Hills, Michigan-based Chrysler and Detroit-based GM. Prior lenders have first position on some assets. The government has first position on assets not already pledged. Other Pay Cuts
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