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GM to scrap Pontiac, cut 21,000 jobs

DETROIT (AP) – General Motors Corp. could be majority owned by the federal government and the United Auto Workers under a massive restructuring plan laid out Monday that will cut 21,000 U.S. factory jobs by next year and phase out the storied Pontiac brand.The plan, which includes an offer to swap roughly $27 billion in… Continue Reading GM to scrap Pontiac, cut 21,000 jobs