Who didn't see this one coming? I wonder what their next promotion will be?

"ALL GM VEHICLES PRICED AT HALF OF COST....BUY ONE GET ONE FREE ON ALL TAHOES"

This is a perfect example of what happens to a tired old company run by dinosaurs.

 

GM shares are down an incredible 27% from yesterday as I write this. Weak European sales are apparently the reason for the sell off. S&P putting GM on CreditWatch with negative implications is also hurting. GM's debt is already junk status and could be downgraded further. To put the share price valuation into perspective, the market value of GM is now about $2.8 billion. That's the lowest for the company since 1950. Honda has a market value of about $80 billion. The market is telling us that GM is worth only 3.5% of Honda!

 

so it boeing and everyone else. LOL

 

A share of Ford is less than a gallon of gas, right now around $2. GM around $4.7

 

Boeing is down only about 7% today. GM is now down 31%!!

 

REEEEPOST>

 

Ford also has 4x as many shares outstanding. Has nothing to do with the topic.

Point of this post, I'm guessing, is that they've been put on S&P credit watch "negative" which is crushing the stock price.

 

this just in... ford has also been put on credit watch "negative". Bad day for american auto industry.

 

wow, there eps is -103.

 

Your observational skills are lacking. Check the timestamps next time before getting hasty to post.