GM Out of Cash By Mid-2009?

According to Automotive News, GM may run out of cash by mid-2009. GM has reported for the five straight losing quarts. GM had $21 billion on June 30, but now is down to $16.2 billion. With the economy and credit market turmoil, it’s going to be tough for GM to get back on its feet. Plus, GM has called off merger talks with Chrysler LLC, so it’s crunch time for GM.

The question is: Will President Elect Obama bailout the Big 3 Automakers?

Source:autonews.com