Wall Street

GM and Ford in No Rush to Press the Panic Button

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The Street

By Luc Olinga The two legacy carmakers face questions from investors whether consumers still want to buy their cars as recession looms. General Motors (GM) – Get General Motors Company Report and Ford sell millions of vehicles a year. They also have financing arms, GM Financial and Ford Credit, which lend money to their customers and potential customers who want to buy their products. The two car giants are therefore an important barometer for investors seeking to know if we are in recession or if the difficulties of households are getting worse while the financial markets are in panic mode in…

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