Daily News: October 21, 2013

WSJ: GM Talking to Morgan Stanley/JPMorgan, Others About Credit Line

The Wall Street Journal reported that General Motors Co. is talking to several banks about setting up a $5 billion line of credit, while trying to convince potential investors it can function without government support, sources told the Wall Street Journal .

The Wall Street Journal said further the bank is in talks with several major banks on the revolving credit line, including Morgan Stanley and JPMorgan Chase, as GM nears an initial public offering of shares, which could come in the fourth quarter.

To read the entire WSJ article, click here.