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Originally Posted by 01cavalier
I sure hope they are working on this, their status as junk makes borrowing money so much more expensive, a cost they sure dont need!
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The only thing that will fix this is profitability. By lowering costs through whatever means, you in effect get a double benefit becasue the investment grades will rise. I hope the UAW is watching this. When you're bonds are junk, I don't know why one feels entitled to increases in pay - when you have 0% chance of getting the same pay and benefits anywhere else, at any other equivalent job.