[OPE-L] S&P raises fresh concerns on Ford and GM

From: Alejandro Valle Baeza (valle@SERVIDOR.UNAM.MX)
Date: Tue Sep 27 2005 - 15:10:03 EDT

S&P raises fresh concerns on Ford and GM
By Bernard Simon in Toronto and Richard Beales in New York  Financial Times
Published: September 27 2005 18:08 | Last updated: September 27 2005 18:08

The competitive position of General Motors and Ford Motor has
deteriorated further in recent months, raising fresh questions about the
carmakers' long-term finances, Standard & Poor's warned on Tuesday.

Citing softening consumer demand, a turbulent pricing environment,
excess production capacity and high fuel prices, analyst Scott Sprinzen
told investors: "We're not feeling all that sanguine about our ratings."

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