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GM reports $2.5B loss, says federal aid essential

Rover found this 11/7/2008 on democraticunderground.com

Source: [b]The Detroit News[/b] General Motors Corp. reported today a $2.5 billion third-quarter loss as tight credit, a stock market crisis, stalled consumer spending and a declining housing market have led to fewer vehicle sales and pushed the automaker closer to running out of money next ...