GM to lay off additional 1,900 workers

General Motors said it plans to lay off an additional 1,900 factory workers at parts stamping, engine and transmission factories in North America as it cuts expenses to deal with a worsening cash crisis.
The nation's largest automaker said in a filing with the U.S. Securities and Exchange Commission on Monday that the layoffs are a result of declining sales.
GM announced a $2.5 billion third-quarter loss on Friday and said it may run out of cash before the end of 2008.
The 1,900 additional layoffs will come in the first quarter of next year at parts stamping, engine and transmission factories in North America as GM cuts expenses to deal with a worsening cash crisis.