General Motors GM's Number One Term Paper

Total Length: 378 words ( 1 double-spaced pages)

Total Sources: -3

The company's $291 billion in debt has recently been downgraded to below investment grade and it has about $16.5 billion of debt coming due this year (Snide). GM and General Motors Acceptance Corp (GMAC)., the carmaker's finance unit, each have about $23 billion of cash available. In addition, the company had about $50 billion in unused credit facilities at the end of last year. The company must carefully watch its cash and liquidity position and, if need be, raise additional cash. A painful, but obvious opportunity is the sell of GMAC.


Porretto, J. (2005, May 7).
GM's Wagoner needs quick turnaround. Associated Press. Retrieved May 9, 2005 from Web site:

Robison, P. (2005, May 6). GM, Ford stumbled to junk on designs, unions, Japan's challenge. Bloomberg. Retrieved May 9, 2005 from Web site:

Snide, M. (2005, March 22). Godzilla V.Mothra: General Motors's debt vosts durge as GE pulls support. The Auto Channel. Retrieved May 9, 2005 from Web site:

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