Friday, March 25, 2005

General Motors

http://news.ft.com/cms/s/9171c8a8-9a6b-11d9-a094-00000e2511c8.html

GE Capital, a part of General Electric, has withdrawn a $2bn loan facility for General Motors and its suppliers days after credit rating agencies warned that the carmaker could be downgraded to junk bond status.

GM said it expected a $2bn operating cash outflow this year.

No comments:

 
Site Meter