General Motors falling stock sparks turmoil

Shares of General Motors fell $2.15 yesterday, with a drop in 31.1% their shares closed at $4.76. This is the lowest GM’s stock has been since April 1, 1950, when it closed at $4.74. This is a stark contrast to a year ago, as GM registered a 52 week high, shares closed at $43.64.

These are now worrying times for GM, as they are just holding on in a time when other businesses are failing. There is no doubt that GM along with other automakers like Ford will come through this and make it to the other side.

The problem that GM face for now, is what happens while they are trying to ride out the storm. These are uncertain times, one that share holders and workers will fear. GM has some tough choices to make, and it will be felt all the way through the organization.