Worries Emerge Over GM’s Cash Position


Gen­er­al Motors is burn­ing through cash at an increas­ing rate. The automaker’s first quar­ter loss, slump­ing U.S. mar­ket, the pro­longed strike at Amer­i­can Axle and con­sumers’ switch to less prof­itable cars will only make this sit­u­a­tion worse. Many ana­lysts are con­cerned, and GM has indi­cat­ed it has plans to raise addi­tion­al cash.