GM share prices have not been this low since the Gret Depression. Investors feared dilution of their stock or bankruptcy as the company approaches the June 1 restructuring deadline.
GM shares dropped to as low as $1.09, the lowest level since April 28, 1933.
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3 Strange Things About The GM IPO
When GM has its IPO later this month, the U.S. government will sell a third of its stake in the company.» E-Mail This » Add to Del.icio.us
CEO Akerson To Reins At General Motors
A former telecom executive today is expected to become the next CEO of General Motors. Dan Akerson will replace Edward Whitacre. » E-Mail This » Add to Del.icio.us...
GM posts another profit, moves toward stock sale (AP)
AP - In a signal moment for the turnaround of the American auto industry, General Motors is edging toward a public stock sale, and its profits are now solid enough that the demanding CEO will...
GM CEO Whitacre says will step down Sept. 1 (AP)
AP - General Motors Co. chief Ed Whitacre said Thursday he's stepping down as CEO on Sept. 1, his mission accomplished as the company reported its second straight quarterly profit.
NUMMI Plant Closure Ends Toyota-GM Venture
New United Motor Manufacturing Inc. was a unique partnership that ended when GM pulled out last year and Toyota decided to shut the plant down. Toyota officials say the plant simply wasn't...
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