Smash repair giant AMA has warned it is haemorrhaging cash so heavily it has less than nine months’ funding at current spending levels – and its former chief executive is looking at setting up a rival operation.
If there is a bright side for Melbourne-based AMA, the operator of 170 repair shops in Australia and New Zealand, it is comments about emerging signs of cash-flow improvements.
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Liam Walsh writes on investigations and companies with The Australian Financial Review. He has won multiple media awards, worked in Japan and is now based in Brisbane. Email Liam at liam.walsh@afr.com.au
