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GM’s ‘Tank on Empty’ – Aftermath or Economic Indicator
Posted on January 27th, 2009 by
ZohaibGeneral Motors Chief Operating Officer Fritz Henderson said the automaker expected to receive a delayed U.S. government loan payment in the next several days that it needs to avoid running out of cash.GM received an initial $4 billion in emergency funding from the U.S. Treasury on December 31 and had expected to receive its next [...]
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Filed under: Business Dynamics, financial crisis, World Economics
