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GM is having trouble meeting payroll (or will be soon). They need to conserve cash. I'm not happy that they've put this plant on hold and do expect a delay of
by mdasen 18y ago
GM is having trouble meeting payroll (or will be soon). They need to conserve cash. I'm not happy that they've put this plant on hold and do expect a delay of at least a few months for the Volt because of it, but I can understand why they're doing it. They're trying to control their burn rate (of cash). We really need credit markets to free up. Banks need to lend again.
- anamax 18y ago> They're trying to control their burn rate (of cash). We really need credit markets to free up. Banks need to lend again. You seem to be assuming that lending to GM makes sense. Can GM repay new loans?
- elviejo 18y agoHe probably means that we need banks to start lending again, to give car credits not a direct loan to GM. In the past year their sales are down ~40% for comparison Toyota's are down ~30%