Funky Cars > GM, Ford Given Junk Bond Ratings

Drivers Drive: An Automotive Blog With Car News and Resourceshttp://www.driversdrive.com [Drivers Drive: An Automotive Blog With Car News and Resources] S and P said it was cutting its ratings for GM's long-term debt to "BB" from an investment-grade "BBB," and Ford's to "BB plus" from "BBB." Both GM and Ford have been suffering from mounting competition and disappointing sales of their aging sports-utility vehicle (SUV) product lines, at a time when US petrol prices are at all-time highs.

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Motorsports Blog: Motorsport News, New Performance Products and Racing for all Motorsports[Motorsports Blog: Motorsport News, New Performance Products and Racing for all Motorsports] KYLE BUSCH PUTS SILVERADO IN VICTORY LANE AT CHARLOTTE: We were calling around and we got hooked up with Ritchie and he wanted some money to go run and Kurt (Busch, brother) was able to give us the money to pay him to go run his cars. The first lap, I think it was the Snow Flake race, I think it is the race before, the night before. The guy on the outside of the front row missed a shift and we qualified third and before we even got to the start finish line, we were turned around backwards in the inside fence. So we killed that car and the following day we went out in the big show and we ran around there and caught up with another guy about half way through the race, I think we were running third, and tore up our stuff again.

Detnews.comhttp://www.detnews.com [Detnews.com] Weak truck sales hurt GM and Ford - 5/4/05: "The year-to-year comparison for cars is going to be more favorable," said George Pipas, Ford sales analyst. This fall, Ford will roll out the brand-new Fusion -- its first true midsize offering since the introduction of the Taurus sedan in 1984. The Lincoln and Mercury brands will launch two cars sharing the Fusion's architecture.

Detnews.comhttp://www.detnews.com [Detnews.com] August's new vehicle sales could be disappointing - 08/28/04: Depending on the extent of the decline, General Motors Corp. and Ford Motor Co., already saddled with bloated inventories, could be forced to trim fourth-quarter production. That in turn could quickly affect profits: Automakers consider a vehicle sold when it’s shipped from the factory to a dealer, not when the dealer reaches an agreement with a buyer.

Detnews.comhttp://www.detnews.com [Detnews.com] Suppliers urge UAW to aid GM, Ford - 5/9/05: Gettelfinger and his deputies, who previously said they have no intention of reopening the union's deal with Detroit's automakers, were noncommittal. But the executives were encouraged by the union leadership's willingness to work back channels to find a solution to the deepening financial problems of Detroit's automakers and their suppliers.

Oregonlive.com[Oregonlive.com] Auto News Weblog: ... Critics say GM and Ford have turned into finance companies that sell cars and ... in November as the two automakers reported disappointing sales today. ...

Oregonlive.com[Oregonlive.com] Auto News Weblog: ... But in his blog, Lutz says GM is repairing the damage with new products. ... But GM Chairman Rick Wagoner and Ford Chairman Bill Ford Jr. must have been ...

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