Monday, November 17, 2008

GM's Cash Crises May Hinder New Chevy Volt Launch



Photo: By Bill Pugliano -- Getty Images

Years of relying too heavily on gas-guzzling sport-utility vehicles by GM may cost them the federal bailout. Washington Posts reports that a bailout big enough to cover GM's cash needs in 2009 and 2010 would leave the company with more debt than GM earnings would be able to support even after an economic recovery.

See full story at Washington Post

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