By Leftlane Staff
Wednesday, Mar 29th, 2006 @ 9:11 am

General Motors disclosed two new government investigations into its accounting practices, including a federal grand jury probe of payments from suppliers, according to the Detroit News. The widening probe of the accounting practices at GM, including a criminal investigation of the automaker once considered a model of financial probity, adds to the uncertainty of GM’s investors. Meanwhile, there is also much uncertainty among GM workers about further cuts. While yesterday may not have been the “Black Tuesday” many feared — less than 500 people were fired — it’s also not the end of the cutting for GM’s salaried ranks.

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