UPDATE 1-Fitch may cut General Motors, suppliers, on strike

Newswire

(Adds action on auto suppliers) NEW YORK, Sept 24 (Reuters) - Fitch Ratings said on Monday it may cut General Motors Corp , as well as its ratings on several auto suppliers, after the auto maker and its main union failed to agree to terms of a new work contract and union members walked off the job nationwide. "The UAW strike has the potential for far-reaching, crippling repercussions throughout the industry," Fitch said in a statement. Fitch rates GM "B," five levels below investment ...

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