GM has serious financial problems

Today GM’s shares fell alarmingly for the company after the report from the international bank Deutsche Bank AG was made public, which indicates that the American manufacturer could go bankrupt even if it receives support from the US government.

Another notable point is that the company is running out of cash, which means it would not be able to maintain its internal operations; although the company has already taken some preventive measures, it will need to use its remaining scarce liquidity to run the business at a minimal level.

According to reports from several analysts online, GM’s situation depends entirely on government support, since if it does not arrive in time the manufacturer would face bankruptcy by the middle of next year.

Via | Carscoop