GM to announce more production cuts
Created: November 21, 2008 09:02 AM    
Modified: November 21, 2008 09:06 AM


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DETROIT (AP) -- General Motors Corp. is telling workers that it will make further production cuts at several factories, according
to people briefed on the discussions.
The people did not want to be identified because the announcements were still being made Friday morning. The extent of the cuts was unknown.
GM has announced thousands of factory layoffs so far this yearand is cutting its salaried staff in order to pare expenses andconserve cash. The company has said it could run out of cash by theend of this year.
GM and its Detroit counterparts are seeking billions of dollars
in loans from the federal government. Congress is requiring theautomakers to come up with plans to become viable before it willdecide on the loans.

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