US CREDIT-Production cuts could hit Ford, GM spreads

Newswire

By Eric Burroughs NEW YORK, Aug 31 (Reuters) - Credit investors are not looking for great monthly auto sales results from Ford Motor Co. and General Motors, but even more important will be whether another rise in inventories will prompt a downshift in production during the last three months of the year. Already credit spreads for Ford Motor Credit and General Motors Acceptance Corp., the debt-heavy finance arms of the big automakers, have widened in the past two sessions in anticipation ...

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