GM posts loss, offers workers buyouts

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At news.moneycentral.msn.com

General Motors Corp said on Tuesday it would offer a new round of buyouts to all of its US hourly union workers as it posted a $722 million quarterly loss that underscored the pressure the top US automaker faces in its slumping home market. GM said savings from the program as it hires lower-cost new workers would start to show in the second half of this year and 2009.

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