US CREDIT-GM could be a good contrarian play

Newswire

NEW YORK, Feb 28 (Reuters) - The credit markets are bracing for U.S. automakers to have lost market share to foreign rivals in February, but some credit traders think the news might be better than the market fears. Industry wide, auto makers are expected to report that sales of cars and trucks in February were somewhere close to February 2004's 16.5 million, on a seasonally adjusted and annualized basis. Some analysts think sales could even match January's disappointing 16.2 million sales. ...

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