GM, Ford `On the Verge of Bankruptcy,' Altman Says (Update2) - Bloomberg

Story date: 2008-07-22 02:43:00
Added on: 2008-07-22 21:19:06

July 22 (Bloomberg) -- General Motors Corp. and Ford Motor Co. , the two biggest U.S. automakers, have about a 46 percent chance of default within five years, according to Edward Altman , a finance professor at New York University's Stern School of ...


Read more...

Related Stories:

• Toyota, Ford Sales Fall on Credit; GM Beats Estimates (Update1) (Bloomberg)

  Oct. 1 (Bloomberg) -- Ford Motor Co. and Toyota Motor Corp. posted their worst monthly U.S. sales performances in more than two...
  2008-10-01 02:03:42

• GM, Ford Sales Likely Fell on Consumer Confidence (Update2) (Bloomberg.com)

  Feb. 29 (Bloomberg) -- General Motors Corp. and Ford Motor Co., the two largest U.S. automakers, probably will say sales fell again...
  2008-02-29 11:07:05

• Ford Motor and General Motors Plunge to New Lows as Auto Anxiety Accelerates (Schaeffers Research)

  The bad news continues to roll in for Michigan-based automakers Ford Motor Co...( Read More )...
  2008-10-07 09:32:51

• U.S. Auto Lenders Face `Hurdles' Into '09, S&P Says (Update1) (Bloomberg)

  Oct. 15 (Bloomberg) -- Ford Motor Co.'s Ford Motor Credit and other finance companies owned by or affiliated with U.S. automakers face...
  2008-10-15 02:37:53

• U.S. Automakers, UAW to ‘Genuflect’ to Split Congress (Update3) - Bloomberg

  Dec. 2 (Bloomberg) -- General Motors Corp. , Ford Motor Co. and Chrysler LLC, running out of money to operate, must convince...
  2008-12-02 08:48:00

• GM, Ford, Chrysler Shut Out of Auto-Bond Market for Fifth Month (Bloomberg)

  Nov. 3 (Bloomberg) -- Ford Motor Co. , GMAC LLC and Chrysler LLC were shut out of the market for bonds backed...
  2008-11-03 09:32:15

• Toyota, Honda, Nissan Japan Unions Ask for More Pay (Update4) (Bloomberg.com)

  Feb. 13 (Bloomberg) -- Toyota Motor Corp., Honda Motor Co. and Nissan Motor Co.'s labor unions in Japan asked for more pay...
  2008-02-12 08:42:13

• Ford Motor May Use Cash to Repay $1.5 Billion Due Tomorrow (Bloomberg)

  Sept. 30 (Bloomberg) -- Ford Motor Co. , the second-largest U.S. automaker, probably will repay $1.5 billion in debt coming due tomorrow...
  2008-09-30 10:23:52