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Originally Posted by richlevy
I stand corrected Lookout, it was the credit rating. What this means is that certain institutional investors will have to pull out since they can only own investment grade bonds. GM and Ford were at the lowest investment grade prior to the downgrade.
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What makes this rather confusing is that Ford is still profitable. GM has long been the sicker company with lesser products. Why is Ford getting lumped in with GM? Ford also has product line problems. One was four years of stifled new product developement when Jacque Nasser was running Ford into the ground. But Ford's problems are not as bad as GMs.