Doubts on GM leave analysts wary
Nov 13, 2008 | 12:40 PM
| Michael Cowden
General Motors Corp. might be getting some love from Washington, but it's having a harder time wooing analysts and other industry observers to its cause.
The Detroit-based automaker, the largest in the United States, was downgraded by one analyst Wednesday and saw its coverage from another suspended. Meanwhile, an economist suggested bankruptcy would be the best way to reform the troubled U.S. automakers, including GM.
Federal loans don't do enough to solve the fundamental problems at the Big Three automakers--GM; Ford Motor Co., Dearborn, Mich.; and Chrysler LLC, Auburn Hills, Mich.--Peter Morici, professor at the University of Maryland's School of Business, wrote in an e-mail. Morici is also a former chief economist of the U.S. International Trade Commission.....
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