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Autos

May 14, 1993|From Times Staff and Wire Reports

General Motors May Take $1.8-Billion Charge: The nation's largest auto company said it may be forced to take a $1.8-billion non-cash charge by the end of the year to reflect a $5-billion projected increase in its unfunded pension liability. The charge, which GM disclosed in a document filed with the SEC, would not affect earnings but will reduce shareholder equity. GM blamed the increased pension liability on the "long-term interest rates."

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