Re: Mattel Inc. worth more than G.M.
I read analysts expect GM to burn through 18-24 billion yes that's billion with a B in the next 18 months... And only have 9-10 Bil cash on hand... so it's either pledging assets as collateral or some creative financing... Bet they are glad to have unloaded their majority stake in GMAC, as they are getting NAILED in the mortgage mess!
__________________
~JAG~
NCRS#65120
68 GTO HO 4 spd Alpine Blue /Parchment 2 owner car
#21783 71 Corvette LT1 45k miles Orig paint - Brandshatch Green - National Top Flight - last known 71 LT1 built.
71 Corvette LT1 42k miles Original paint - Black - black leather - only black LT1 known to exist.
NUMEROUS Lemans blue Camaros,
Monza Red and Daytona Yellow Corvettes
& a Chevelle or two...
Survivors, restored cars, & other photos
https://picasaweb.google.com/lh/myphotos
|