{[ promptMessage ]}

Bookmark it

{[ promptMessage ]}

General Motors Returns

General Motors Returns - state then the overall economy...

Info iconThis preview shows page 1. Sign up to view the full content.

View Full Document Right Arrow Icon
Darryl Williams Dr. Fulgham ECO 212-01 18 November 2010 General Motors Returns General Motors is making a great comeback from its bankruptcy days. They just recently started to sell their stock publically on Wall Street. They were rescued by $50 billion of taxpayer and government money. This seems like a very good time for stockholders to start buying GM stock, because it is still at a very low price. If GM can manage to completely return to its past
Background image of page 1
This is the end of the preview. Sign up to access the rest of the document.

Unformatted text preview: state then the overall economy will receive a major surge of capital. The government used to own 61% of GM but they have sold their 400 million shares. Stockholders have already bought $23 billion dollars worth of preferred stock. Obama states that GM’s improvement is “not only in the turnaround of the company, but of the U.S. auto industry as a whole.”...
View Full Document

{[ snackBarMessage ]}