S&P Drops the Junk On GM and Ford
Yesterday Standard & Poor's lowered General Motors' and Ford's credit ratings to "junk" status.
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Yesterday Standard & Poor's lowered General Motors' and Ford's credit ratings to "junk" status.
Ford Motor Company reported net income of 60 cents per share, or $1.21 billion, for the first quarter of 2005.
General Motors reported that consolidated net income for the first quarter of 2005, including special items, was a loss of…
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