General Motors valued below $1 per share on friday, ending the lowedt value in 76 years. This American industrial icon is set to become the largest failure in U.S. history. On Monday GM saw its share 33% to 74 cents, This is the lowerst price since April 5 1933. GM plans to file for chapter 11 bankruptcy protection after President Barack Obama makes comments on the auto maker’s restructuring. GM is also set up to become the third largest bankruptcy in U.S. History. I think this is the reason i havent really been seeing GM cars around lately. Its sad because its a american company and its been around for a long time. I hope this doesnt turn into a depression, event tho it seems the damge has been done. yes i think this article has been presented fairly because it states facts instead of opinon. I usually dont use fox, but as long as they dont express their overly conservative veiws on things then im ok.
http://www.foxbusiness.com/story/markets/industries/transportation/gm-plunges--lowest-close/
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Deishnae, Nice job, nice analysis.
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