GM Announcement - Layoffs And No Dividend

Tuesday, July 15th, 2008

General Motors (NYSE:GM) recently announced more plans to try and regroup the troubled auto manufacturer's bottom line. GM's announcement included plans to suspend their quarterly dividend payouts, layoff 20% of their salaried staff and to sell off up to $7 billion dollars worth of assets. GM also said that ...

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GM Stock Crashes

Monday, June 30th, 2008

GM stock hits a 30 year low, driving the company's total market cap to around $6.5 billion. Toyota's (NYSE:TM) market cap is now 25 times as much GM's market cap, indicating people just aren't seeing a great future for GM. GM still produces more cars than everyone else, ...

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