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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
Blog Author: Dr. Stephen Jones