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GM - Insolvency Apparent a Long Time Ago



November 11, 2008 – Comments (4) | RELATED TICKERS: GM

Market beat has a post on GM, it is officially a small cap now.  Those that are down grading it are so late in doing so.

Egad, crude below $60...

4 Comments – Post Your Own

#1) On November 11, 2008 at 7:47 PM, oldfashionedway (33.90) wrote:

It is sad that we may soon see the day that a gallon of gas is worth more than a share of either Ford or GM.

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#2) On November 11, 2008 at 8:08 PM, kdakota630 (29.03) wrote:

A friend of mine while driving into town (London, Ontario) said he heard "the stupidest Ford ad" ever.

Essentially, they're giving 50 shares of Ford stock to everyone who buys a brand new Ford.  LOL!  Currently, that amounts to $90!  How is that any incentive.  My friend is correct calling the ad stupid, because if you were a Ford dealer, what in God's name would possess you to call attention to Ford's stock price?!?

"Hey, come buy a Ford.  We're practically bankrupt!"

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#3) On November 11, 2008 at 9:34 PM, abitare (29.69) wrote:

Marc Faber said on Bloomberg today, the government should pay Honda and Toyota $20 billion to take over these poorly managed Ford and GM. That made sense to me.

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#4) On February 04, 2010 at 2:09 AM, BrandonPaulChevy (< 20) wrote:

Oh well, that issue is not new anymore. And they were known also on creating defective fog lights for their Saab. Fortunately Saab was already sold to another car maker.

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