According to John Casesa, automotive research, Merrill Lynch & Co., "General Motors has $20 billion of cash, pays a $2 annual dividend and believes that it can someday make $10/share under the right conditions. This is not the making of a persuasive argument for concessions. Second, the current contract doesnt expire until 3Q:07 and we [...]

April 22, 2005 -John Batchelor and Lou Ann Hammond discuss the General Motors legacy costs. Does the World need General Motors? Does the world need General Motors? According to John Casesa, automotive research, Merrill Lynch & Co., “General Motors has $20 billion of cash, pays a $2 annual dividend and believes that it can someday [...]