Monday, June 25, 2007

GM shares rise on Goldman Sachs upgrade

(Reuters) - "GM can make a compelling case to UAW members that material wage and benefit cuts are needed," Goldman Sachs analyst Robert Barry said in a research note. "And we suspect members and retirees are increasingly amenable to such cuts."




Barry also said that the "UAW pattern bargaining implies positive read across for Ford ."


Read more at Reuters.com Business News

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