GoFuckYourself.com - Adult Webmaster Forum - View Single Post - GM shares drop to 58-year low, global risks eyed

xmas13 · 10-09-2008, 03:04 PM

http://news.yahoo.com/s/nm/20081009/..._autos_outlook

DETROIT (Reuters) - General Motors Corp shares fell to their lowest level since 1950 on Thursday as concerns mounted that an industry decline that started in the United States was spreading and a leading forecaster warned global auto demand could "collapse" in 2009.

At its low, GM's market capitalization stood at $2.6 billion, compared with a market capitalization of about $4 billion in March 1929 before the stock market crash that preceded the Great Depression.

10-09-2008, 03:04 PM
xmas13 Confirmed User Join Date: Dec 2004 Location: GFY Posts: 5,176	GM shares drop to 58-year low, global risks eyed - Reuters http://news.yahoo.com/s/nm/20081009/..._autos_outlook DETROIT (Reuters) - General Motors Corp shares fell to their lowest level since 1950 on Thursday as concerns mounted that an industry decline that started in the United States was spreading and a leading forecaster warned global auto demand could "collapse" in 2009. At its low, GM's market capitalization stood at $2.6 billion, compared with a market capitalization of about $4 billion in March 1929 before the stock market crash that preceded the Great Depression. __________________ ICQ 557504926