In spite of General Motors standing poised to retake the top sales spot, Chevrolet perhaps breaking its all-time sales record, and an anticipated Buick and two new Cadillac models coming, GM's stock price got beat like a goat in 2011. On January 2, 2011 the stock traded at $37.06, on January 2, 2012, it hovered a few dimes above $20, making GM the worst-performing auto-industry stock of 2011: with a 46.1-percent drop, it edged out Cooper Tire (-41.7), TRW Automotive (-40) and Ford (-37.3).
- Chris Shunk
- Mar 14, 2011
A 8.9-magnitude earthquake and resulting tsunami devastated much of Japan, with staggering death-tolls and estimates of $100 billion in property damage. As one might expect, Japan's auto industry has been and will be heavily affected by the nationwide disaster. Power outages have brought plants to a halt, and the Nikkei, Japan's stock market, has taken notice.
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