http://www.news-feed.com Current and updated news feed covering the U.S. and the rest of the World Sun, 05 Feb 2012 15:16:42 +0000 en hourly 1 http://wordpress.org/?v=3.3.1 http://www.news-feed.com/2009/05/13/general-motors-stock-plummets-over-21/ http://www.news-feed.com/2009/05/13/general-motors-stock-plummets-over-21/#comments Wed, 13 May 2009 21:14:56 +0000 admin http://www.news-feed.com/?p=339 It is no surprise that investors of General Motors Corp. are worried. However, shareholders were frantic yesterday as they got hold of news that six executives (including former Vice Chairman and Product Chief – Bob Lutz) at the company had sold almost US$ 315K in stock, as well as liquidated their outstanding direct holdings in GM. GM’s stock plummeted over 21% to US$ 1.09 yesterday, it’s 76 year low. Chrysler LLC meanwhile is gasping for air as well, as it was forced to file Chapter 11 Bankruptcy protection, and GM could possibly be next.

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