General Motors Shares Down 20% on Bankruptcy Plans

General Motors (NYSE:GM)

General Motors (NYSE:GM) shareholders received a blow today after the NY Times reported that GM has to start preparing for a bankruptcy filing by June 1st, 2009.

Wilbur Ross Talks Bankruptcy

Wilbur Ross

Wilbur Ross talks about GM (NYSE:GM) and Chrysler with AutoNation's (NYSE:AN) Mike Jackson on CNBC.

Remaking Auto Companies (GM & Chrysler)

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Obama Says Automakers Not Moving 'Fast Enough'

President Elect Barack Obama

General Motors (NYSE:GM) must devise a leaner business plan that likely will cut the company workforce and product lines even more than officials had contemplated. It has 60 days to come up with a new approach.

General Motors CEO Rick Wagner to Step Down

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Altucher's Speculation of New Dow Components: Goldman Sachs & Cisco Systems

James Altucher's James Altucher speculates Goldman (NYSE:GS) and Cisco (NASDAQ:CSCO) could replace GM and Citigroup (NYSE:C) -- not a bad bet.

The Neverending General Motors Watch

General Motors (NYSE:GM)

General Motors Corp.'s (NYSE:GM) shares are at $1.85 falling 16% after auditors have raised "substantial doubt" about GM's ability to continue operations, next stop Bankruptcy.

End Of The Road For General Motors (GM)?

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Penny Stocks to Trade on the NYSE?

U.S. Dollar - Weak Dollar

Amazing but the New York Stock Exchange announced that due to major company stocks trading at penny prices, it is considering temporarily relaxing its $1 share price rule.  Go Penny Stocks!

Stop the Insanity

US Capital

With Citigroup (NYSE:C), GM (NYSE:GM) and AIG (NYSE:AIG) all lining up at the government trough for the second and third time, it is just time to let them go. Have we gotten anything for our investment up until this point?

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