GM, Ford losses worse than expected, burning cash (Reuters)

American flags flutter in the wind in front of the General Motors Corp. headquarters in downtown Detroit, Michigan November 7, 2007. (Rebecca Cook/Reuters)Reuters - General Motors Corp and Ford Motor Co reported far deeper-than-expected quarterly losses on Friday, and said their rate of cash burn was accelerating, as an extended slump in car sales raised questions about the future of the U.S. auto industry.


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