Confidence Rising: GM may issue first bonds since 2004
As Chief Executive Officer Rick Wagoner continues to slash costs, GM's junk bonds are starting to recover. Talks of an alliance with Renault SA and Nissan Motor Co. as well as the $14 billion raised through the sale of GMAC, are helping to bring GM back from it's largest losses since 1992. Some analysts are predicting GM may be back to investment grade by the end of the year.
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