DESPITE PLOWING BIL-lions in borrowed funds into its pension plan,General Motors Corp.'s worldwide retirement schemes still had a shortfall of us75 billion at the end of 2004.On top of that,the auto maker had a us57 billion gap in its retiree health-care plans.Investors must delve deep into GM's 196-page annual report,to footnote 16,to learn all this.It's certainly not clearly laid out on the balance sheet,where much of GM's retiree obligations are not accounted for at all.
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