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S&P Cuts GM, Ford Credit Ratings to 'Junk'
by Mike the Usurper at 2:07 am EDT, May 6, 2005

] Shares of GM fell almost 6 percent and Ford shares
] declined 4.5 percent after Standard & Poor's Ratings
] Services downgraded the debt to below investment grade,
] which is commonly known as junk or high-yield status.

Sayonara US auto companies.