The rumors have become so rampant over at the Ren Center that the man Sweet Peet D. calls "The Rick" sent out an internal memo late last week to the General's soldiers that the company will not go bankrupt, callling the company's balance sheet "robust" and noting the automaker's $19 bil in cash reserves. But with GM's total stock value hovering right around $15 billion, the General's nevertheless looking pretty green around the gills. Take it away, Mister Farago...
GM Not Looking at Bankruptcy, Internal Memo Insists [Inside Line]
Related:
GM Stock Hits 23-Year Low [Internal]