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Monday, Jun 5, 2023

General Motors shares driven down on forecast they could soon be worthless

Shares in General Motors Corp. hit a 59-year low Monday after a Wall Street firm forecast the company’s stock value could drop to zero within a year. The automaker’s stock declined $1, or 23%, to finish at $3.36. That’s the lowest it has closed since June 17, 1949, when it was $3.35, according to Global Financial Data. For the full story visit www.latimes.com/business/la-fi-gm11-2008nov11,0,5062176.story

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