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Reuters: Ford and GM financial arms may incur writedowns: Lehman

Started by chris, June 20, 2008, 12:41:06 PM

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chris

Ford and GM financial arms may incur writedowns: Lehman
      


(Reuters) - Ford Motor Co's  and General Motors Corp's  financial arms may need to write down $1.1 billion and $1.5 billion, respectively, said a Lehman Brothers analyst, who expects U.S. auto credit to be pressured by a weakening used-car market.
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