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Flash: GM to take $39 billion write-down in Q3

Posted Nov 6th 2007 5:46PM by Douglas McIntyreDouglas McIntyre RSS Feed
Filed under: General Motors (GM)

General Motors (NYSE:GM) will take a $39 billion write-down in Q3 related to establishing a valuation allowance against its deferred tax assets in the U.S., Canada and Germany.

The company's shares are off 2.5% after hours on the news.

Douglas A. McIntyre is an editor at 247wallst.com.

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