GM Posts $4.2 Billion in Q3 Operating Loss, Says it Could Run out of Cash
Following in suite with Ford Motor Company that reported a $7,2 billion operating loss for the third quarter of the year, General Motors posted a $4.2 billion third- quarter operating loss and said its available cash fell to $16.2 billion on Sept. 30 from $21 billion at the end of June. GM said that while it will try to boost liquidity, it might fall below the minimum amount of cash (estimated to be around $11 billion to $14 billion) needed to keep the company operating by the end of the year and asked for federal aid.
