GM scheme funding level fall

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US- Car maker General Motors saw its US pension funding level fall to 87% at the end of 2008 from 124% the previous year, according to a restructuring plan issued to the US government this week.

This translates to a US$12-13bn shortfall. The plan stated: "Additional contributions to the company's U.S. pension plans that may be required in 2013 and 2014." According to the report, GM e...

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