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Detroit's Promises

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Wednesday, December 3, 2008

GM, Ford and Chrysler proposed the following in return for a federal lifeline.

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· Trim product lines: GM may part with Hummer, Saab and Saturn brands. Ford may put Volvo up for sale.

· Give up corporate aircraft at GM and Ford.

· Suspend dividends.

· Limit executive pay: CEOs would collect no more than $1 a year in salary.

· Shift vehicle offerings to include more hybrids and other fuel-efficient technologies.


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