- Mar 6, 2009
Taking Stock: GM shares hit 75-year low, Visteon delisted after trading at 2 cents
Investors are dumping their shares as both companies look increasingly like bankruptcy is in their futures unless additional government support can be secured – in fact, Visteon's declaration all but a lock. The supplier is widely expected to default on a $15+ million interest payment soon, a move that would trigger bankruptcy.
[Sources: Detroit News; Detroit Free Press | Image: Spencer Platt/Getty]