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“Losses are slowing a bit, but it's very difficult for me to see any significant profitability for GM in less than four to five years. There are too many legacy costs.”
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“They've got a negative cash burn run rate which is still going to be close to $5 billion this year, and that is really no change.”
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“Bonds are much more attractive alternatives than they have been for the last two years. As yields go higher, that competition gets stronger.”
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