USAs største bilprodusent med 32.000 ansatte, tapte 2,5 milliard dollar i tredje kvartal, og selskapet sier kassa vil være tom neste år, hvis utviklingen fortsetter og det ikke kommer føderal hjelp.

Barack Obama sa bilindustrien utgjør ryggraden i amerikansk industriproduksjon på pressekonferansen fredag.

General Motors har 16 milliarder dollar i kassa. Det sier det trenger mellom 11 og 14 miliarder for å kunne drive. Idag renner pengene ut.

GM har innstilt planene om å kjøpe Chrysler. Det vil kutte 7.000 hvitsnippjobber.

But the cuts and delays may not be enough.

«Even if GM implements the planned operating actions that are substantially within its control, GM’s estimated liquidity during the remainder of 2008 will approach the minimum amount necessary to operate its business,» the company said in a news release.

«Looking into the first two quarters of 2009, even with its planned actions, the company’s estimated liquidity will fall significantly short of that amount unless economic and automotive industry conditions significantly improve» or it receives government funding, the news release said.

Ray Young, chief financial officer, said GM expects significantly lower cash burn in the fourth quarter.

GM said it had $16.2 billion in cash, marketable securities and readily available assets at the end of September, down $4.8 billion from the $21 billion it reported on June 30.

GM has said in the past it needs a minimum of $11 billion to $14 billion to run the company.

GM reports $2.5B 3Q loss, says running out of cash

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