Get Autoblog in your Google feed
General Motors credit rating is hovering on “junk” status, but there’s so much cash in the coffers it won’t mean
much to them in the short-term. A junk rating would hurt the rates used by the automaker when it borrows the billions
it needs to develop new cars, but it would not send the company into a sudden cash crisis, the Wall Street Journal
reports. General Motors can buy a few quarters to get back to profitability before the real troubles set in.