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The History of General Motors: From Buick, Cadillac and Pontiac to Chevrolet
Tags: Buick, Cadillac, Chevrolet, from, General, History, motors, Pontiac
In this WatchMojo.com video, we take a look at the history of the American corporation General Motors, which was the world’s largest automaker for over seventy-five years.
Question by live and learn: Do you think General Motors Corp stock will go up?
There at $ 0.72 a share now. Will they go back up to $ 40 a share? I think they will recover in a couple of year because we all learn from mistakes and do better. What do you think? Etc?
Best answer:
Answer by Daniel S
well the judge just approved the bankruptcy plan which means shareholders should be wiped out so no. If they don’t get wiped out then you may see the company at $ 1-2 in a few years. If the environment is kind to it and Ford doesn’t try to beat em while they are down (so to speak) they may make it to $ 4.
What do you think? Answer below!
Y DID THE NEED A NEW LINE EVERY TIME THE WANTED TOMAKE A NEW CAR CHEVY SHUDA JUST STAYED CHEVY MADE CON PACKS PICK UPS SADANS AND ON AND ON
@88blair88 I already tried but youtube wont let you post any links.
“43 distinctly different interior styling choices” no wonder they went bankrupt!
@IxNxFxExRxNxO I stand corrected, could you give me a link of that article? I’d like to read it.
Not anytime soon. They may go out of business, since the government is running it now. When did the government run anything better than the private sector?
The GM stock that is trading now, is just a trading vehicle for speculators. When GM comes out of bankruptcy, their new stock will begin trading and the old will be worthless.
You have many many years til GM gets back on its feet. It could take decades until reaching anywhere near 40.
Um..no..that stock will be worthless…what you are seeing are daytraders playing for pennies and the last remnants of index funds selling off their stock. The bankruptcy court just approved the GM bankruptcy sale, which calls for most of the company to be sold to a new entity (also called GM) which will be owned by the US and Canadian governments, the unions, and the bondholders. Whatever does not get sold to the new entity will be sold to other companies (much as Saturn was sold to Penske). Once the old GM is dismantled, the cash will be used to payoff GMs creditors. If there is anything left over (doubtful), it will be used to satisfy common stock holders. At that point, the old GM stock will no longer be traded.
Going forward, the new GM if successful after the restructuring will issue new stock as a way to reimburse the current owners for their investment. This stock may go to $ 40 a share, but it will have nothing to do with the stock being traded today at under $ 1/share. This will be an IPO (although it will retain the GM ticker) and anyone wanting to invest will pay IPO price (certainly closer to 20 to 30 a share).
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