A Rocky Road Ahead for Ford and GM

Standard & Poor's placed the auto giants on CreditWatch with negative implications

On Aug. 17, Standard & Poor's placed its ratings on Ford Motor Co. (Ford) and its related entities, and General Motors Corp. (GM) and its related entities on CreditWatch with negative implications. Included in the CreditWatch placement are the finance units of both companies, Ford Motor Credit Co. and General Motors Acceptance Corp.

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