GM seeks to expand credit line-WSJ

Newswire

Aug 24 (Reuters) - The world's largest auto maker, General Motors Co, is in talks with lenders to double its line of credit currently worth $5 billion in a bid to consolidate its balance sheet and shrink its pension obligations, The Wall Street Journal said quoting unnamed sources. Although, the Detroit-based company is in no imminent danger of falling short on cash with very little debt and an available cash of $33 billion, analysts believe that it needs about $20 billion to ...

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