DBRS Hosts Teleconference on GM/GMAC Dwgr-May 26,1:30pm(EDT)
Non-Bank Financial InstitutionsDominion Bond Rating Service (“DBRS”) is hosting a teleconference today, Thursday, May 26, at 1:30pm EDT on the General Motors Corporation (“GM”), General Motors of Canada Limited, and General Motors Acceptance Corporation (“GMAC”).
The call will be led by Kam Hon and Nigel Heath who will discuss the rationale behind today’s downgrade of GM and GMAC. The trends remain Negative.
DBRS has also today confirmed Ford Motor Company.
The rating action on GM reflects its continued weakening North American operating performance with declining shipment and market share.
To participate in the teleconference, please dial the appropriate numbers listed five minutes before the 1:30 pm EDT start time.
North America callers: 1-800-387-6216
International callers: + 1-416-405-9328
A replay of the teleconference will be available until close of business day June 2, 2005, and can be accessed in North America by dialing 1-800-408-3053, quoting confirmation code 3154836#. International callers can also access the replay until close of business day by dialing +1-416-695-5800 and quoting confirmation code 3154836#.
Contact Jane Foster at +1-416-593-5577, ext. 2306 or at jfoster@dbrs.com for more information.