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Auditors warn AMC on losses threatening business continuity
Independent auditors Touche Ross & Co flagged AMC's heavy losses and reduced working capital as jeopardizing the company's ability to continue operations. They noted $74 million lost over two fiscal years, with $84.6 million in debt due in 1977, despite a company forecast of improved 1977 performance.
MENTIONED IN THIS ARTICLE
Detroit
American Motors Corp
AMC
Touche Ross & Co
Chrysler Corp
Touche Ross
Chrysler