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Originally posted by deltaboy
i dont believe it would relieve America from foreign since many people who bought their cars and are keeping them for another 5 to 10 years so thats one problem. the whole entire population aint switchin hybrid in the next day aniways. another is that even with hybrids we still be importing oil. also hybrid is still expensive tech so many people cant afford it.
NEW YORK (Reuters) - Fitch Ratings on Tuesday cut General Motors Corp.'s (NYSE:GM - news) debt ratings to "junk," becoming the second agency to rate the world's largest automaker below investment grade as high gasoline prices erode its SUV sales.