GM's Board Ratchets Up Pressure on New CEO

Discussion in 'Other Cars' started by cwerdna, Aug 17, 2009.

cwerdna Senior Member

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GM's Board Ratchets Up Pressure on New CEO - BusinessWeek

Notable quote that I hypothetical market cap that I didn't know about before:

Since January, the federal government has made $50 billion available to GM, most of which has been converted to a 60% ownership position in the company. For taxpayers to break even, GM will have to eventually issue new stock and the company's value will need to reach $69 billion, more than it has ever been valued.
Click to expand...

FWIW, here are some current market caps:
Ford's (F): $25B
Honda (HMC): $117B
Toyota (TM): $134B

#1 cwerdna, Aug 17, 2009

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