) on Wednesday said if the U.S. economy continues to recover from the coronavirus pandemic and the auto industry does not experience any further production shutdowns, the No. 1 U.S. automaker should be able to generate enough cash to pay off a $16 billion loan by the end of the year.
She spoke after GM posted a smaller-than-expected second-quarter loss thanks to solid high-margin pickup truck sales and aggressive cost-cutting that helped mitigate the impact of a forced shutdown that left its North American plants shut for eight of the 13 weeks in the quarter.
Weekly jobless claims numbers from the Labor Department released last week showed the number of Americans filing for unemployment benefits rose, unexpectedly, for the first time in nearly four months, suggesting the labor market was stalling amid the resurgence in new COVID-19 cases and depressed demand.
Source: News Formal (newsformal.com)
I hope so most of your workers never stopped working.
That's hilarious!!!
Maybe we have more than enough cars and don't need to make more new ones right away. Gap years in production would reduce pollution and help restorative conservation efforts.
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