By Soyoung Kim 1 hour, 23 minutes ago DETROIT (Reuters) - General Motors Corp (GM.N) will need to raise as much as $15 billion in cash to shore up liquidity and bankruptcy is "not impossible" if the U.S. auto market continues to slump, Merrill Lynch said on Wednesday.Although other analysts have suggested GM needs to raise funds to ride out the downturn in the U.S. auto market through 2009, Merrill's estimate of GM's financing needs was the highest yet. It also carried the most stark warning of the bankruptcy risk for the largest U.S. automaker.
Shares of GM, which have lost more than half of their value over the past two months, fell more than 7 percent to $10.88 in early trading.
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