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GM Posts $9.6B 4th Quarter Loss

HeadlineFeb 27, 2009

The auto giant General Motors has posted another major quarterly loss amidst warnings it’s nearing insolvency. On Thursday, GM said it lost $9.6 billion in the fourth quarter, bringing its 2008 loss to $30.9 billion. The announcement came as GM chair Rick Wagoner met with White House officials to seek further government aid.

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