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DETROIT (AP) — General Motors tumbled close to a 52-week low Monday as industry analysts questioned the company’s plan to pay several billion dollars to unload part of its huge pension liability.

THE SPARK: GM announced on Friday that it will offer lump sums of cash to 42,000 white-collar retirees, if they stop taking monthly pension checks. For the rest of its 118,000 U.S. salaried retirees and spouses, GM will buy a group annuity that will make monthly payments starting in 2013. That would relieve the company of $26 billion in liabilities.

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