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Posted
7 May 2009 @ 10am

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G.M. Loses $6 Billion In Last Quarter

G.M. said it depleted $10.2 billion from its cash reserves in the quarter, or $113 million a day, leaving the company with $11.6 billion as of March 31. That is roughly the minimum amount of liquidity needed to keep G.M. in business, the automaker has said. Link