Deutsche Bank Slashes Automakers and Suppliers To Sell Following Bailout Failure (F,

[24/7 Wall St.]

24/7 Wall St. Daily News

Following the failure of the auto bailout in the Senate, Deutsche Bank is downgrading a number of auto makers and auto supply makers to Sell, calling it an "End of an Era." Downgraded to Sell were: Ford (F), American Axle (AXL), Lear Corp. (LEA), TRW Automotive Holdings Corp. (TRW) and Magna International, Inc. (MGA).

Deutsche Bank said, while there may be a reprieve from the Bush administration using TARP, an increasingly difficult operating environment will likely force leveraged automaker and supplier stocks to near bankruptcy levels."

Read more... (http://www.streetinsider.com/Downgrades/Deutsche+Bank+Slashes+Automakers+and+Suppliers+To+ Sell+Following+Bailout+Failure+%28F%2C+AXL%2C+LEA% 2C+TRW%2C+MGA%29/4234465.html)

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complete story here... (http://www.247wallst.com/2008/12/deutsche-bank-2.html)