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The already bleak outlook for General Motors became a little gloomier late Wednesday when the automaker said it would restate its 2001 earnings because of accounting errors. GM also faces new liabilities that could total $10 billion stemming from former subsidiary Delphi Corp., which is now in bankruptcy. GM could be forced to assume benefits that Delphi employees forfeit as the auto parts company reorganizes under court supervision.
November 14, 2005 at 12:00 AM
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The original version of this story was published on Law.Com
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