GM's Crippling Burn Rate

The carmaker loses $4.2 billion in the third quarter and without government help or asset sales could run out of cash next year

It was worse than Wall Street expected. General Motors (GM) lost a colossal $4.2 billion. But more dire is the company's cash burn of $6.9 billion, which has GM delaying some new models, cutting deeper into costs and—most important—putting a possible acquisition of rival Chrysler on the back burner.

To continue reading this article you must be a Bloomberg Professional Service Subscriber.