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GM shares at lowest point in 58 years

Ford, too, hits a low; S&P says it may cut automakers’ debt rating further

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General Motors Corp. tumbled to its lowest in New York trading in 58 years Thursday and Ford Motor Co. fell to almost a 26-year low as the U.S. auto-sales outlook worsened, and Standard & Poor’s said it could cut their debt deeper into junk status.


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This article was published Friday, October 10, 2008.

Business, Pages 31, 32 on 10/10/2008

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