US automakers expected to weather the coronavirus shutdown thanks to large cash holdings.

  • Despite losing billions of dollars every month with most American factories shuttered since March, the Detroit automakers are weathering the coronavirus storm without talk of bankruptcies or need for government assistance.
  • Lessons from the Great Recession are contributing to their success. “The automakers themselves are in quite a bit different shape. They learned the lesson the hard way of the need to improve of balance sheet.”
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