GM Talking To Banks About Doubling $5 Billion Line Of Credit

Posted Aug 26, 2012

General Motors has a lot of cash in the bank, but their credit is not so great. GM is now talking to banks about doubling their $5 billion line of credit according to The Wall Street Journal. GM has around $33 billion in cash, which is far ahead of the $20 billion that analysts believe the company needs to operate comfortably. GM has secured a $5 billion revolving line of credit in 2010. Ford has a line of $9.3 billion.  [TTAC]

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