Fitch says looking at further GM cuts

Newswire

NEW YORK, May 24 (Reuters) - Fitch Ratings on Tuesday said it will look at factors including General Motors Corp.'s sales, production figures, outlook for next year and competition in deciding whether to cut the company's credit ratings further within the next nine months. Fitch cut GM to junk status earlier on Tuesday, citing factors including high costs and weakening sales of the medium and large sports utility vehicles that have been a crucial source of profits for the world's largest ...

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