General Motors chairman and CEO Rick Wagoner listens during a news conference in Detroit, Tuesday, July 15, 2008 with company Product Development Vice Chairman Bob Lutz, right. General Motors Corp. reported its biggest loss ever of $15.5 billion from May through June as the company`s chief executive says the company is following its plan to regain profits. (AP Photo/Carlos Osorio) (AP Photo / Carlos Osorio)

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