General Motors GM's Number One Term Paper

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.

Bibliography

Porretto, J. (2005, May 7).GM's Wagoner needs quick turnaround. Associated Press. Retrieved May 9, 2005 from Web site: http://biz.yahoo.com/ap/050507/gm_s_future.html?.v=2

Robison, P. (2005, May 6). GM, Ford stumbled to junk on designs, unions, Japan's challenge. Bloomberg. Retrieved May 9, 2005 from Web site: http://www.bloomberg.com/apps/news?pid=10000087&sid=ar0Cm.CPxVWM&refer=top_world_news

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: http://www.theautochannel.com/news/2005/03/22/018106.html.....