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General Motors (GM) Stock Climbs 3% as CFO Warns of Intensifying U.S. Market Pressures
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Paul Jacobson, the financial director of General Motors, said that the United States had become an outlet for global automobile companies facing pressure from China in their international markets, adding that competition in the American market would intensify. General Motors was seeking to reduce their structural costs, while continuing to develop less expensive and more profitable electric cars.
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