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GM Cuts Unnecessary Spending in Response to Production Disruption After Japan Disaster

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AP writer Janna Herron, reports that on March 19, 2011, GM said Saturday it is cutting unnecessary spending companywide as it assesses the impact of production disruptions from the earthquake and tsunami in Japan.

The move will help the automaker preserve cash as it deals with the financial implications from shortages of parts made in Japan, a company spokesman said. The cost-cutting effort, which includes travel, took effect last week and will be in place for an undetermined period.

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