Saturday, October 18, 2008
A good report from AP on what's happing with the GM-Chryslerberus-Renault merger dance. Note that it details the numbers: GM has a minimum operating cash requirement of $14 billion and would get something like $11 billion if it merges with Chrysler. Presumably, this would buy it another year of burn (it's currently going through $1 billion a month in cash reserves to stay in business). Of course, under this scenario Chrysler is effectively gone for good.
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