US CREDIT-GM spreads risk further widening on strike

Newswire

By Karen Brettell NEW YORK, Sept 24 (Reuters) - General Motors Corp's credit spreads are likely to face further weakness if striking auto workers stay off the job, however resolution of the strike may also lead to spreads ratcheting tighter. United Auto Workers (UAW) union-represented employees walked off the job, and organized pickets outside General Motors plants, after the union called the first nationwide strike against the top U.S. automaker in 37 years, in the wake of contract ...

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