General Motors and Ford Motors Debt Ratings Cut to Junk Status by Moody's!

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I guess "employee pricing" wasn't such a good idea after all.

As $3 and $4 a gallon gas becomes more a question of when, not if, Toyota and Honda appear to be better positioned with their hybrids and other quality fuel efficient smaller cars, while GM and Ford are stuck 5 to 10 years behind the technology curve with their gas guzzling Hummers, SUVs, and trucks.