GM shares slid to a 54-year low last week before rising 66 cents to close at $10.78 in trading Tuesday. As recently as late January, the stock cost $28 to $30 per share. The company could lose $6.9 billion this year and $4.3 billion in 2009 before swinging a $2.3 billion profit in 2010, according to JPMorgan Chase & Co. auto analysts. A predicted rebound isn't enough to encourage buying shares, says Steve Anderson, branch manager at Hilliard Lyons, 4835 Towne Center. "The keyword is maybe," he says. "You generally want to see a little bit of firm data. At this point, (the prediction) is based on certain suppositions that we don't know how will play out." And although the stock just hit a low doesn't mean the "buy low, sell high" theory will work, Anderson says. "Sometimes stocks continue to go down," he says. "People thought Ford was a good buy when it was at $10 a share." Tuesday, it closed at $4.90 a share...

http://www.mlive.com/businessreview/...al_motors.html

 

again, GM has nothing to do with the humvee. That is AM General. GM did not buy AM General, they leased the hummer name from them and made the h2 and h3. AM General assembles (or assembled) the h2.

rb

 

In a presentation to analysts, the three executives said that what Wagoner euphemistically called the "challenges of today's U.S. auto market" would be countered by $10 billion in cash-boosting internal actions through 2009, including immediate suspension of the cash dividend, a 20-percent slashing in salaried employment costs, and other operating adjustments. Another $4 billion to $7 billion would come from asset sales, and financing activities that could include "a significant secured debt offering or multiple offerings," in excess of what it had targeted in its earlier plans.

...
Among its other attacks on the problem announced Tuesday, GM said it would eliminate health-care coverage for once-salaried retirees over 65, effective Jan. 1, with those retirees and spouses getting a pension increase "from GM's over-funded U.S. salaried plan to help offset costs of Medicare and supplemental coverage." On top of that, there will be a further reduction in the company's U.S. and Canadian headcount this year, through attrition, early retirements, and separation agreements. Noting that GM executives will also be hit by its pay moves, the company added that no annual discretionary cash bonuses will be paid in 2008.

http://www.cfo.com/article.cfm/11738...todayinfinance