GM, Ford ratings at risk if turnarounds stall-S&P

Newswire

NEW YORK, March 22 (Reuters) - Ford Motor Co. and General Motors Corp. could face lower ratings if progress falls short on their turnaround plans and cash burn turns worse than expected, Standard & Poor's said on Thursday. Both automakers have bolstered liquidity and have adequate cash to fund restructuring plans this year and probably even into 2008, S&P said in a report. "But going into 2009, both Ford and GM must be close to generating cash from automotive operations, or they ...

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