By Dena Aubin NEW YORK, Nov 22 (Reuters) - General Motors Corp. will have to go further than a restructuring plan announced on Monday to get costs in line with falling revenues, Fitch Ratings said on Tuesday. Even if the automaker achieves all of the estimated $7 billion in cash savings expected from the cost-cutting plan by the end of 2006, that alone will not likely return GM to positive cash flow, Fitch Managing Director Mark Oline said on a conference call. "We do expect a ...
Premium Content (PAID Subscription Required)
"GM restructuring won't stop cash bleed - Fitch" 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 WardsAuto.com pricing and subscription information please contact
Lisa Williamson by email: firstname.lastname@example.org or phone: (248) 799-2642