Cadillac
May 7, 2008
Fitch says GM and Ford face heavy cash drains this year
“In the absence of a rebound in economic conditions and industry sales through 2009, both companies are likely to remain cash-flow negative during this period”
General Motors Corp and Ford Motor Co will continue to face heavy cash drains in 2008 and are expected to burn cash through 2009 unless industry sales rebound, Fitch Ratings said on Wednesday. via Reuters RSS Reuters.com
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