GM's new $11B credit line is the third largest on record for an auto company, and the third...

|By:, SA News Editor
GM's new $11B credit line is the third largest on record for an auto company, and the third largest inked this year. Among automakers, the credit facility is behind only Ford’s $18.5B revolving line from 2006 and the $17B revolver Daimler Chrysler lined up in 1999. YTD, only credit lines secured by Kinder Morgan ($13.3B), Phillips 66 ($11.8B) and Procter & Gamble ($11B) have been comparable.