Some analysts question strength of GM's cash reserves - Dec. 6, 2005

How much Cash Does GM REALLY Have?

When the issue of a GM bankruptcy comes up, the next sentence usually talks about GM's $20 billion in cash that separates GM from bankruptcy. The article below from CNN Money calls into question how much cash GM really has available to fund its operations. I won't get into the details, but it suggests that less than 1/2 of the $20 billion might be available to fund operational contingencies like a Delphi strike. According to the article, a Delphi strike might cost GM more than $1 billion per WEEK in negative cash flow.

Some analysts question strength of GM's cash reserves - Dec. 6, 2005