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Ohio's Auto Industry Waits for GM Announcement Friday

Friday, General Motors CEO is set to announce "important changes" in response to the global economic situation. And plenty of people in Ohio will be paying close attention. The automaker directly employs over 5,000 Ohioans and has been struggling to survive a slump that has pushed sales to a 25-year low. ideastream®'s Mhari Saito spoke with Cleveland State University's Ned Hill, a professor of economic development, and asked him to explain GM's financial straits and its interest in purchasing another struggling automaker, Chrysler.

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