General Motors debt protection costs hit new record

Newswire

NEW YORK, July 31 (Reuters) - The cost to insure the debt of General Motors Corp hit record highs on Thursday, after finance company GMAC LLC reported a $2.48 billion loss for the second quarter, and one day before the automaker reports its second-quarter results. Five-year credit default swaps on GM's debt jumped to 41.5 percent the sum insured, from 38.35 percent on Wednesday, plus annual premiums of 500 basis points, according to Markit Intraday. This means it would cost $4.15 million ...

Premium Content (PAID Subscription Required)

"General Motors debt protection costs hit new record" is part of the paid WardsAuto Premium content. You must log in with Premium credentials in order to access this article. Premium paid subscribers also gain access to:

  All of WardsAuto's reliable, in-depth industry reporting and analysis
  Hundreds of downloadable data tables including:
  •   Global sales and production data by country
  •   U.S. model-line inventory data
  •   Engine and equipment installation rates
  •   WardsAuto's North America Plant by Platform forecast
  •   Product Cycle chart
  •   Interrelationships among major OEMs
  •   Medium- and heavy-duty truck volumes
   •  Historical data and much more!


For WardsAuto.com pricing and subscription information please contact
Amber McLincha by email: amclincha@wardsauto.com or phone: (248) 799-2622
 

Current subscribers, please login or CLICK for support information.

Already registered? here.

Sponsored Introduction Continue on to (or wait seconds) ×