Is GM still publicly traded?
The mis-information they have been putting out on inventory and sales borders on criminal, if they are traded.
Yep, I just checked the price and it’s $23.41. The IPO a year ago this month was $33.00.
You’re right, the misinformation on this car has almost been criminal.
Yes, it it publicly traded. And yes, it is criminal (except when a Democrat does it).
Right now, GM is facing a class action lawsuit regarding the crappy suspension in their 2007-2008 Impalas. The new GM says they are not liable for claims against the old GM. Except that we have the President of the United States declaring that GM warranties are now even better because they are backed by the US government. And he did this to manipulate the stock price upward right before the government unloaded a ton of shares.
If anyone in the private sector had done this (like Jeffrey Skilling at Enron for example), they would be facing time in prison. Oh wait . . .