GM Super News Ticker 2 Posted March 24, 2020 Share Posted March 24, 2020 General Motors (NYSE:GM) announced today that it intends to drawdown approximately $16.0 billion from its revolving credit facilities. This is a proactive measure to increase GM’s cash position and preserve financial flexibility in light of current uncertainty in global markets resulting from the COVID-19 pandemic. The funds will supplement the company’s strong cash position of approximately $15 billion to $16 billion expected at the end of March. View the full article Link to post Share on other sites
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