(Adds background, details) NEW YORK, July 31 (Reuters) - Standard & Poor's on Thursday cut ratings on all three major U.S. automakers deeper into junk status, citing expected losses due to higher gas prices and a weakening U.S. economy. S&P cut its ratings for General Motors Corp , Ford Motor Co and Chrysler Automotive LLC to "B-minus," or six levels below investment grade, from "B." It also cut to "B-minus" from "B" the finance arms of Ford, Chrysler and GMAC, which is 49 ...
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