GM prepares $6 billion credit line to cushion strike costs
As of June 30, GM’s total automotive liquidity stood at $38.9 billion
General Motors Co. is setting up a $6 billion line of credit to shore up liquidity, a move indicating the carmaker is preparing for a strike at US plants that may drag on with costs already reaching $200 million. The Detroit-based company’s move to bolster its financial position was announced in a securities filing early […]
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