General Motors gets new credit lines totaling $11B as source of 'backup liquidity'

  • Article by: Associated Press
  • Updated: November 5, 2012 - 5:42 PM

DETROIT - General Motors is boosting its cash with $11 billion in new credit lines, a move that could mean the automaker is preparing to buy back its shares from the government.

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theagonybhoNov. 5, 1212:06 PM

Hilarious stiffed the US for 35 billion and still need 11 billion for backup, my guess is they got some pension issues rearing thier head.

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