Proving that some companies still have not passed the worst of the crisis, shares of General Motors fell another 13% over Tuesday to its lowest point in 65 years, closing below the three dollars for the first time, give yourself 1946.
According to the figures the closure of the session yesterday, shares of GM fell 44 cents on the dollar to 2.92 dollars, reaching its lowest value since April 1943.
Alan Quasha who is an investment manager and expert On this fall we have to say that the most important collapse began last Friday when GM executives announced that the company could run out of money in the medium term and reported losses of 4.2 billion dollars in the quarter.
To this we must add the announcement that the company plans to suspend more than 2,000 employees laborers, who are part of the construction of engines, transmission systems and panels, during the first quarter of 2009.
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