/ General Motors, News / GM Sees Stock Fall Below $20 a Share

GM Sees Stock Fall Below $20 a Share

Linked In Share
GM Sees Stock Fall Below $20 a Share

Monday, June 25th, GM’s stock dropped 3.4 % to $19.91, the first time since December 2011 the company’s stock closed below $20.

Growing concerns about Europe‘s economy and the losses automakers face there, made auto stocks sink on Monday. GM was down 69 cents a share. Dan Akerson, GM CEO, declared earlier this month at the company’s annual meeting, that GM’s stock price is dragged down by the growing concerns about Europe’s uncertain economy.

“There is a lot of uncertainty generally about the strength of a major trading partner,” Akerson said.

Another company that saw its stock fell was Ford down 1.8% to $10.01, down 18 cents, hitting an intraday low of $9.95. In November Ford closed below $10 a share.

As bad news don’t come alone, GM’s low stock price made the Treasury Department stop selling the remaining 26.5% stake as part of its $49.5 billion bailout. The current present trading prices, would make the Treasury lose $16.5 billion on its GM bailout. Mitt Romney, the Republican presidential candidate, said earlier this month that the government will quickly sell the remaining 500 million shares of GM stock, no matter how big the losses to taxpayers would be.

by Ana Cezara Savin (my Google+) - Tuesday, June 26th, 2012 - filed under General Motors, News. Image credit: .
Linked In Share
Related Articles
bailout GM gm stock stock fall stock price treasury department


Discuss: GM Sees Stock Fall Below $20 a Share

Leave a Reply















Inautonews Facebook PageInautonews RSS FeedInautonews TwitterInautonews Youtube Channel

Sign up to receive our email newsletter on your email. It's safe. No spam!

Aventador slides underneath GLK in China
Aventador slides underneath GLK in ChinaA Lamborghini Aventador has been crashed recently into a Mercedes-Benz GLK, in China, as the German vehicle was waiting for a ...
UK – Alfa Romeo Giulietta Sprint’s price announced
UK – Alfa Romeo Giulietta Sprint’s price announcedAlfa Romeo has announced the pricing details for the Giulietta Sprint in the United Kingdom, where the model will kick off its ...
US: Miami auto show riding on Latin identity
US: Miami auto show riding on Latin identityThe Miami International Auto Show, held every November, is generally a localized and limited event, but the organizers are now ...
2016 Audi R8 render
2016 Audi R8 renderA new rendering with the replacement of the current Audi R8 has hit the web and it is giving us, perhaps, a first look into the ...
Hyundai and Kia turn to BMW executive in performance push
Hyundai and Kia turn to BMW executive in performance pushHyundai and its affiliate Kia seem to have serious performance plans as the South Korean automakers have secured the services of ...
[VIDEO] SCG 003 gets teased once more
[VIDEO] SCG 003 gets teased once moreThe brand new SCG 003 has returned in two brand new clips where its engine is being started for the very first time and then the ...
Mercedes-Benz S-Class by Brabus
Mercedes-Benz S-Class by BrabusThe aftermarket specialists from Brabus are getting ready for Christmas with their heavily modified Mercedes-Benz S-Class, which ...
US: Dodge uses Hellcat to shed common family image
US: Dodge uses Hellcat to shed common family imageHave you really imagined that besides the massive Challenger, Dodge would really have anything up its sleeve for the passionate ...
2015 Audi RS5 Coupe Sport Edition introduced
2015 Audi RS5 Coupe Sport Edition introducedAudi USA has recently introduced a new special edition of the RS5, called the RS5 Coupe Sport Edition, which is available ...
Meet the Lamborghini Aventador Pirelli Edition
Meet the Lamborghini Aventador Pirelli EditionThe Lamborghini Aventador LP700-4 Pirelli Edition has been introduced recently by the Sant’Agata Bolognese based car ...
Shelby Signature Edition Super Snake announced
Shelby Signature Edition Super Snake announcedShelby American has recently announced its plans to introduce the Signature Edition Super Snake. With the new generation of the ...
Cadillac CTS-V officially unveiled
Cadillac CTS-V officially unveiledThe Cadillac CTS-V has been officially unveiled ahead of its public debut which will be taking place next month, during the 2015 ...
Report – Opel’s CEO sees trouble looming over the company’s 2016 profit target
Report – Opel’s CEO sees trouble looming over the company’s 2016 profit targetAccording to German daily paper Bild, Karl-Thomas Neumann, the automaker’s chief executive officer, has already told its top ...
Jaguar’s first China-produced models to be the entry-level XE sedan
Jaguar’s first China-produced models to be the entry-level XE sedanAccording to a Jaguar Land Rover executive, the British premium brand has naturally chosen its most affordable and also extremely ...
Report – GM has backup plan for Takata recall crisis
Report – GM has backup plan for Takata recall crisisGeneral Motors, the actor behind this year’s first major auto safety crisis, seems to have learned its lesson and according to ...
Read more automotive news


2013 Frankfurt Motor Show Live Images

lamborghini aventador mercedes glk crash china 1
Alfa Romeo Giulietta Sprint 1
2016 audi r8 render 1
Mercedes-Benz S-Class by Brabus Red 1
2015 Audi RS5 Coupe Sport Edition 1
Lamborghini Aventador Pirelli Edition 1
Cadillac CTS-V 1
2015 Ford Mondeo Hybrid 01
Mazda_tokyo_salon
audi_sound_Q7
hyundai_infotainment_carplay_android_auto
Rolls-Royce_Suhail

More automotive from inautonews
A Lamborghini Aventador has been crashed recently into a Mercedes-Benz GLK, in China, as the German vehicle was waiting for a green light. Supercar crashes tend to be quite spectacular and seeing a Mercedes-Benz GLK on top of a Lamborghini Aventador can just make your day, unless you are the owner ...
read more
Inautonews Editors Section
2015 Ford Mondeo arrives in Romania – short test drive inside
2015 Ford Mondeo arrives in Romania – short test drive insideFord Romania has introduced the fifth generation of the Mondeo in Europe, over a 2-day event which has gotten us, automotive journalists, through all ...
Test Drive: Ford Fiesta ST
Test Drive: Ford Fiesta ST The current generation of the Ford Fiesta ST has been officially presented to the public back in March, 2012, during the Geneva Motor Show, and it ...
Test Drive: Renault Twizy – Back to basics
Test Drive: Renault Twizy – Back to basics Renault has been producing the Twizy for a couple of years now, in its Valladolid, Spain, facility but spotting one on European roads can turn out ...

Editors Section
Inautonews Editors Section
2012 Safest Cars list 2011 Safest Cars [Video] 2011 IIHS Safest Cars [Video] 2011 EuroNCAP Safest Cars 2010 Safest Cars [Video]

Latest in Safety Report – GM has backup plan for Takata recall crisisGeneral Motors, the actor behind this year’s first major auto safety crisis, seems to have ... US: record recall year – more than 60 million unitsJust a few short days remain from 2014 and it will surely go down in history as the “auto safety ...
Safety Section