The News Review:
- Moody’s Raises Rating n Ford After $9.9B Debt Reduction
- Reports: China auto sales 1.03 million in March
- Canada Govt Unveils Aid For Auto-Parts Makers
- Brazil Still A Mixed Bag For US Auto Makers
Moody’s Raises Rating n Ford After $9.9B Debt Reduction
Wall Street Journal
9B Debt Reduction ArticleCommentsmore in. ‘s (F) probability of default rating following the completion of its tender and exchange offers Monday that reduced the auto maker’s debt by $9. The ratings firm said completion of the debt restructuring means Ford has largely satisfied three conditions the Treasury listed when making loans to General Motors Corp.
Related from Lasilla: Spain Downgraded by S&P as Slump Swells Budget Gap
Reports: China auto sales 1.03 million in March
Forbes
03 million in March exceeding U. sales for the third month in a row state media reports said Wednesday. Sales data from 14 major auto makers accounting for roughly 90 percent of total sales totaled 1.
Canada Govt Unveils Aid For Auto-Parts Makers
Wall Street Journal
) TTAWA (Dow Jones)–The Canadian government unveiled measures to help auto-parts suppliers but warned it was ready for “all options” including bankruptcy protection for the Canadian units of General Motors Corp. (GM) and Chrysler LLC (C. Industry Minister Tony Clement said Tuesday the government has added C$700 million (US$565 million) to Export Development Canada’s accounts receivable insurance program for suppliers of auto parts. The top-up expands the program to C$1.
Brazil Still A Mixed Bag For US Auto Makers
CNNMoney.com
(GM) andFord Motor Co. General Motors is still selling less cars on the year in Brazil down 12. 9% to102523 between January and March 31.