You can now read 10 articles each month for free on BostonGlobe.com.

The Boston Globe

Business

GM adds $11b in credit lines

DETROIT — General ­Motors says it has received $11 billion in credit lines from 35 financial institutions in 14 countries, boosting its available cash and credit to more than $42 billion.

The company would not say specifically what it plans to do with the money, only that it is a source of ‘‘backup liquidity’’ that may be used for ‘‘strategic initiatives.’’

Loading comments...

You have reached the limit of 10 free articles a month

Stay informed with unlimited access to Boston’s trusted news source.

  • High-quality journalism from the region’s largest newsroom
  • Convenient access across all of your devices
  • Today’s Headlines daily newsletter
  • Subscriber-only access to exclusive offers, events, contests, eBooks, and more
  • Less than $1 a week