http://www.freep.com/article/20110906/BUSINESS0101/110906065/Morgan-Stanley-General-Motors-No-1-auto-stock-pick?odyssey=tab|topnews|text|Auto%20news

By Chrissie Thompson; Detroit Free Press ~ Sep 06, 2011 

General Motors’ “fortress balance sheet” philosophy has caught on, earning it first place in Morgan Stanley analysts’ automotive stock rankings, far above sixth-place Ford. 

Post-bankruptcy GM is shunning debt and holding onto cash, saying it will decide what to do with some of its $33.8 billion hoard once the economic environment stabilizes. Any payment to its pension fund or as a shareholder dividend would come only if the automaker thinks it has sufficient funding for its future product plans and any possible economic disasters, Chief Financial Officer Dan Ammann has said.