Come on, get the facts straight. GM ownership is as follows:
61% US Government
17.5% UAW
11.7% Canadian Government
9.8% Bondholders from the old company
My bad.
The 61% US Government holding is now down to 33%
28% was sold to the public as an IPO.
Thanks GM dude for the private message.
I believe those figures were before the IPO.
Here is the current opwnership:
GM Ownership
http://www.gminthemedia.com/2012/03/21/who-owns-gm-stock/
The US, after the IPO now is at 32%...some quore as low as 26%.
Saudi and China are in that 44.9% individual and institutional owners.
But their numbers are way down from when the IPO was let. The stock has lost something like 25% or more since then and I believe they have been dumping it. However, one Saudi Prince alone still owns 1% of the stock by his lonmesome, Prince Walid bin Talal, who bought 500 million in shares during the IPO and has held onto it.
YThese days it is exceedingly difficult to find out exactly how much Saaudi Arabia and China own.
I believe those figures were before the IPO.
Here is the current opwnership:
GM Ownership
http://www.gminthemedia.com/2012/03/21/who-owns-gm-stock/
The US, after the IPO now is at 32%...some quote as low as 26%.
Saudi and China are in that 44.9% individual and institutional owners.
But their numbers are way down from when the IPO was let. The stock has lost something like 25% or more since then and I believe they have been dumping it. However, one Saudi Prince alone still owns 1% of the stock by his lonmesome, Prince Walid bin Talal, who bought 500 million in shares during the IPO and has held onto it.
These days it is exceedingly difficult to find out exactly how much Saaudi Arabia and China own.