GM's new jumbo corporate bond deal and Ford parts supplier must become more competitive.

0 Comments | M2 Presswire, June, 2003

M2 PRESSWIRE-25 June 2003-Financial News USA: GM's new jumbo corporate bond deal and Ford parts supplier must become more competitive(C)1994-2003 M2 COMMUNICATIONS LTD RDATE:06252003 With a lot riding on the success of its new jumbo corporate bond deal, investors say that General Motors Corp.

(NYSE: GM), and its financing unit General Motors Acceptance Corp., will make sure that the deal is priced right. "This is a very large deal for GM and for the market," said Cindy Cole, portfolio manager at National City Investment Management Co, which has $5.5 billion in assets under management. "Everybody wants to make sure that this is placed appropriately." Cole is looking at the deal. Wescast Industries Inc. (Toronto: WCSa.TO) said on Tuesday it would focus on...