CAN GM STOP BLOWING CASH?

摘要

MANY A COMPANY would be happy to have as much cash on hand as General Motors Corp.At the end of September,the Detroit giant had more than US19 billion in its coffers.So why are investors getting edgy about the company's nest egg?The cash pile in GM's auto division was in excess of US29 billion back in September,2003-meaning that the company burned more than US10 billion in two years as weak sales fell short of covering rising costs for health care,commodities,and furloughed workers.