Business, 01.03.2021 14:00 Pookaapoo8832

Automobile manufacturers have enormous cash reserves. In the middle of 2015, Ford Motor Co. had about $31.9 billion in cash, General Motors had about $25 billion, and Toyota had about $43 billion. Why would firms such as these hold such large quantities of cash?

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Automobile manufacturers have enormous cash reserves. In the middle of 2015, Ford Motor Co. had abou...

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