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GM and Ford Going Bankrupt

Jul 24, 2008

According to the Bloomberg Report, GM and Ford have a 46% chance of going bankrupt within the next five years. Their credit rating is dropping, which makes it more difficult to get short-term loans. If they cannot refinance, they declare bankruptcy.

http://www.bloomberg.com/apps/news?pid=20601087&sid=asXjYQuEUW4Q&refer=worldwide


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Category: In The News

Dr. Stephen Jones


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