GM warned yesterday that it has enough cash to survive until mid-2009 without the governments help. Rival Ford says that despite burning through $16 billion in cash during the first nine months of 2008, it can still survive until 2010. According to CEO Alan Mulally, FoMoCo’s reserves of $29.6 billion in cash and credit would be enough for the automaker to stay around until 2010.
“With the assumptions we have in place, we believe we have
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