General Motors Takes Additional Steps to Fortify Balance Sheet

[GM Super News Ticker 2]

General Motors Co. (NYSE:GM) has extended $3.6 billion under its three-year revolving credit agreement to April 2022, to further strengthen its liquidity position. This complements the extension of the $2 billion 364-day revolving credit agreement to April 2021 that GM and GM Financial renewed earlier this month. In addition, the company has suspended the quarterly cash dividend on its common stock, suspended its share repurchase program and has taken other significant austerity measures to preserve near-term available cash.

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