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OTHER NEWS - Oct. 23, 1991

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From Times Staff and Wire Reports

GM May Launch Credit Card: General Motors Corp. may be on the verge of launching its widely expected general-purpose credit card, which would further crowd the field of non-bank card sponsors. Industry sources said the automotive giant has signed a contract to market a MasterCard in conjunction with Banc One Corp., the Ohio-based company that is the nation’s 14th-largest issuer of credit cards. General Motors would not comment.

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