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.

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By hourback

I'm a father, musical, philosophical, virtually vegan, ethical, trying to be present and mindful.

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