General Motors to draw down $16 billion in credit, suspends 2020 outlook

(Reuters) - General Motors said on Tuesday it will draw about $16 billion (13.6 billion pounds) from its credit lines in a bid to beef up liquidity amid rising business impact from the fast-spreading coronavirus outbreak.The No.1 U.S. automaker, which also suspended its 2020 outlook, said it was evaluating its quarterly dividend, but has not yet decided to suspend it. As of the end of 2019, GM had $34.6 billion in liquidity, including $17.3 billion in cash.Companies across the globe are drawing..