Connect with us
Just one day after announcing plans to stop marketing Chevrolet as a full-fledged automobile brand in Europe, General Motors Corp.'s (GM) share price has climbed above $40 a share.

archive

GM’s Stock Breaks through $40 Barrier

Just one day after announcing plans to stop marketing Chevrolet as a full-fledged automobile brand in Europe, General Motors Corp.’s (GM) share price has climbed above $40 a share.

GM’s Stock Breaks Through $40 Barrier (Detroit Free Press)

Just one day after announcing plans to stop marketing Chevrolet as a full-fledged automobile brand in Europe, General Motors Corp.’s (GM) share price has climbed above $40 a share. With the U.S. government planning to sell its remaining shares in the largest U.S. auto maker, American taxpayers could be upon the beneficiaries is the advance continues. The stock of the post-bankrupt company hit an an all-time high of $40.26 at one point this morning. It opened at $39.99. The company announced early Thursday that it would take a charge of between $700 million and $1 billion to remove the Chevrolet brand from most of Europe. But the decision could clear the way for the company‚??s main European brand, Opel, to be successful.

Newsletter Signup.

Sign up to the Human Events newsletter

Written By

Paul Dykewicz is the editorial director of the Financial Publications Group at Eagle Publishing Inc., www.eaglepub.com, of Washington, D.C. Eagle publishes five free, e-letters, 10 weekly trading services and five monthly investment newsletters, Forecasts & Strategies, Successful Investing, Cash Machine, Growth & Dividend Report and The Alpha Investor Letter. He also is the editor of Eagle Daily Investor and the author of the inspirational book, "Holy Smokes! Golden Guidance from Notre Dame's Championship Chaplain."

Advertisement
Advertisement

TRENDING NOW:

Duke Prof: Islam Has ‘Clear Emphasis on the Sanctity and Dignity of Human Life’

FOREIGN AFFAIRS

Willem van Sprouse Antifa Willem van Sprouse Antifa

ICE Detention Center Attacker Was Antifa Activist.

U.S. POLITICS

Beto Is Using His Slave-Owning Ancestry.

U.S. POLITICS

Justin Trudeau Justin Trudeau

How Justin Trudeau Is Pushing Canada Further Right

FOREIGN AFFAIRS

Connect
Newsletter Signup.

Sign up to the Human Events newsletter