The three record quarters strung together by General Motors Corp., the most recent results announced last week included a company best April-June income of $1.7 billion, has allowed the automaker to build up an impressive $16.7 billion war chest. “We want to make sure that we've got a strong balance sheet, and a strong cash position. So that if there is an appropriate opportunity to do an acquisition we're set to move,” explains GM Chief Financial Officer J. Michael Losh. GM already has ...

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