Absolute Michigan's Michigan Blog: GM on the Ropes

Friday, November 11, 2005

GM on the Ropes

The Detroit Free Press reports that General Motors' stock price plunged to a 13-year low Thursday after the latest in a string of financial problems dismayed shareholders once again. Wall Street experts say Michigan's largest company could be bought by a corporate raider like Las Vegas billionaire Kirk Kerkorian, forced to file for bankruptcy, or both.

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# posted by farlane @ 9:58 AM

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