COMPANIES

GM to Sell $2 Billion in Debt Securities: General Motors Corp. is seeking SEC clearance to sell $2 billion in debt securities, documents disclosed. In its filing with the SEC, the giant auto maker said the debt, if approved, would not be sold to investors all at once but in a shelf offering--from time to time, as needed. Combined with a $285-million offering in December, 1990, the shelf would bring GM’s total sale of debt securities to $2.285 billion. GM said money raised by the debt offering would be used to finance GM’s “global automotive and financial business.”