Between news that GM would restate its 2001 earnings and that Fitch and Moodys have both cut the company's credit rating, the General's stock price has been taking a beating. Yesterday, it fell to $24.62, a 13-year-low (of course, if inflation is considered, then things are even worse than that). Adding to the series of the thousand cuts is word that Delphi's pension liabilities that GM may have to assume are more in the range of $12B - about $1B more than previously reported.
Hi! We notice you're using an ad blocker. Please consider whitelisting Autoblog.
We get it. Ads can be annoying. But ads are also how we keep the garage doors open and the lights on here at Autoblog - and keep our stories free for you and for everyone. And free is good, right? If you'd be so kind as to whitelist our site, we promise to keep bringing you great content. Thanks for that. And thanks for reading Autoblog.
Here's how to disable adblocking on our site.
- Click on the icon for your Adblocker in your browser. A drop down menu will appear.
- Select the option to run ads for autoblog.com, by clicking either "turn off for this site", "don't run on pages on this domain", "whitelist this site" or similar. The exact text will differ depending on the actual application you have running.
- Refresh the Autoblog page you were viewing. Done!
You still haven't turned off your adblocker or whitelisted our site. It only takes a few seconds.