2LT
No idea what's goin' on.
- Joined
- Aug 8, 2003
- Posts
- 242
http://quote.bloomberg.com/apps/news?pid=10000103&sid=akFHrt61dnFo&refer=news_index
(excerpt below)
"...GM's inability to sell cars at full price left its U.S. auto operations with $3 billion in first-half losses. Moody's Investors Service reduced the company's credit rating to high- risk, high-yield junk yesterday, citing the need for GM to reduce its dependence on large incentives..."
"Adding 2006 SUVs is like the kiss of death,'' said Rebecca Lindland, an analyst for Lexington, Massachusetts-based Global Insight Inc. "Where do they stop it?''
"August has been a very slow month for domestic automakers,'' Anwyl said in an interview. "We are forecasting GM will probably see about a five-point decline in market share, which is huge.''
(excerpt below)
"...GM's inability to sell cars at full price left its U.S. auto operations with $3 billion in first-half losses. Moody's Investors Service reduced the company's credit rating to high- risk, high-yield junk yesterday, citing the need for GM to reduce its dependence on large incentives..."
"Adding 2006 SUVs is like the kiss of death,'' said Rebecca Lindland, an analyst for Lexington, Massachusetts-based Global Insight Inc. "Where do they stop it?''
"August has been a very slow month for domestic automakers,'' Anwyl said in an interview. "We are forecasting GM will probably see about a five-point decline in market share, which is huge.''
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