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Reuters: GM will need over $9 billion in new financing: Lehman

Started by chris, May 14, 2008, 07:21:05 PM

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chris

GM will need over $9 billion in new financing: Lehman
      


DETROIT (Reuters) - General Motors Corp  will need to raise over $9 billion in financing over the next two years to refinance existing debt and to offset projected cash losses in its auto operations in North America, Lehman Brothers analyst Brian Johnson said on Wednesday.
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