Promoting the Joys of Carfree Life in the USA
(Since February 2006)
Thursday, July 31, 2008
U.S. Carmakers Officially Declared "Junk"
NEW YORK (Reuters) - Standard & Poor's on Thursday cut ratings on all three major U.S. automakers deeper into junk status, citing expected losses due to higher gas prices and a weakening U.S. economy.
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