GM may burn $13.9 bln cash by end of 2010-BofA


NEW YORK, June 24 (Reuters) - General Motors is expected to burn $13.9 billion in cash over the next 2-1/2 years amid a sharp drop in truck sales and may be forced to raise additional capital, Bank of America said in a report. The struggling No. 1 U.S. automaker may raise about $6 billion to $8 billion through a secured loan and possibly a convertible securities issue, as the collapse in demand for gas-guzzling trucks and sport utility vehicles and restructuring charges will leave GM in a ...

Premium Content (PAID Subscription Required)

"GM may burn $13.9 bln cash by end of 2010-BofA" is part of the paid WardsAuto Premium content. You must log in with Premium credentials in order to access this article. Premium paid subscribers also gain access to:

  All of WardsAuto's reliable, in-depth industry reporting and analysis
  Hundreds of downloadable data tables including:
  •   Global sales and production data by country
  •   U.S. model-line inventory data
  •   Engine and equipment installation rates
  •   WardsAuto's North America Plant by Platform forecast
  •   Product Cycle chart
  •   Interrelationships among major OEMs
  •   Medium- and heavy-duty truck volumes
   •  Historical data and much more!

For pricing and subscription information please contact
Lisa Williamson by email: or phone: (248) 799-2642

Current subscribers, please login or CLICK for support information.

Already registered? here.


Follow Us

Sponsored Introduction Continue on to (or wait seconds) ×