AP File Photo/Paul SancyaGeneral Motors Corp. headquarters are shown in Detroit in this file photo. General Motors Corp. on Tuesday reported a $38.7 billion loss for 2007, the largest annual loss ever for an automotive company, and said it is making a new round of buyout offers to U.S. hourly workers in hopes of replacing some of them with lower-paid help.

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GM posts record US automotive loss of $38.7B for 2007, offers buyouts to US hourly workers

• By ncs-import
• February 12, 2008