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.
Premium Content (PAID Subscription Required)
"GM should target liquidity of $18 bln to $20 bln -CFO" 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!
Current subscribers, please login or CLICK for support information.