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The car companies may be on a treasure hunt by the end of the year to improve their balance sheets with new cash. North American car and SUV sales are that and.
If all that negative news was not enough, Lehman now says the two companies may have to write off bad loans at their financial units.
According to Reuters, the two company’s "financial arms may need to write down $1.1 billion and $1.5 billion, respectively, said a Lehman Brothers analyst."
Douglas A. McIntyre
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