GM should target liquidity of $18 bln to $20 bln -CFO

Newswire

CHICAGO, Jan 17 (Reuters) - General Motors Corp should target liquidity of at least $18 billion to $20 billion ahead of a possible U.S. economic downturn, a top official said on Thursday. In slides from a presentation made to analysts, Chief Financial Officer Fritz Henderson said the No. 1 U.S. automaker should also target access to credit lines of between $4 billion and $5 billion. Henderson also said that GM's estimated liquidity at the end of 2007 was more than $27 billion.

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