Quote:
Originally Posted by Tstag
GM do not have $21 billion in available cash. They have $7-10 billion because they need roughly $14 billion dollars to keep the lights on and manage day to day affairs.
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That can be true if GM had $0 revenue coming in. They dip into the cash reserves to the extent that incoming revenues fall short of the outgoing expense.
So my take of all this financial mumbo/jumbo is, that if GM keeps up with their current incoming revenues and outgoing expenses, they will use about $4 billion of their savings every quarter. With $26 billion in total available they will have approx 7 quarters before they are out of time. Longer if they can keep cutting costs further, increase rvenue somewhat (by increased small car sales etc), or sell additional assets or borrow more money.
So mid late 2010 would be the defining moment for GM