General Motors said that its finance arm GMAC ‘feels the pain’ of cuts in the company’s debt ratings. The comment comes in the wake of Fitch’s lowering of the company’s credit ratings to junk status on 24 May, a second blow to GM following Standard & Poor’s cut on 5 May.
Fitch cited …
This article is available only to members of Automotive World. If you are already a member, please login to your account.
Membership starts at just $2.18 per day for access to all Articles, eMagazines, and Webinars.