Mattel Inc. worth more than G.M. - The Supercar Registry

07-06-2008, 03:31 AM

firstgenaddict firstgenaddict is offline

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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!

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