GM, Ford Credit Ratings Cut to ‘Junk’

GM’s consolidated debt as of March 31 was $291.8 billion, while Ford’s outstanding consolidated debt totaled $161.3 billion.

GM said it had $19.8 billion in cash at the end of the first quarter, and GMAC had $18.5 billion in cash and securities.

S&P said the outlook was negative for both of the automakers.

re-gis-tra-tion re-qui-red

US industry should just catch on fire.

Leave a Reply

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Powered by WordPress.com.

Up ↑

%d bloggers like this: