accountMOODY'S Investors Services cut its credit ratings on General Motors for the second time in two months due to the eroding car market. The ratings agency also said GMAC, the financing arm 49 per cent-owned by General Motors, could receive its fourth downgrade of the year because the worsening US auto business "will severely outpace (GM's) ability to respond effectively".
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Reactions to General Motors may run out of cash by mid-2009: Moody's | The Australian
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