Ford, GM say they are prepared for economic downturn
Friday, August 16, 2019
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Ford and General Motors (GM) have both gone on the record to say they have cash on hand, and plans in place to deal with a potential recession. At a recent conference in New York, Dhivya Suryadevara, the chief financial officer of GM, told Reuters the automaker has cash reserves of around US$18 billion ($26.55b).
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