Nov 20
Major U.S. car companies may become bankrupt. They did not manage to get help from the U.S. government.
Shares of General Motors tumbled more than 35 percent to hit a 70-year low on Thursday as prospects dimmed that lawmakers would reach a compromise on a proposed $25 billion bailout for U.S. automakers before Congress adjourns this week. In this minute shares of GM up 30 cents to $ 2.08. The fall dropped from 35% to 26%.
Shares of Ford fell 7 cents to $ 1.19 (-6 %).
Over the past 2 quarters of Ford lost $ 8.8 billion, for the year - $ 11.5 billion. Loss GM over the past year amounted to $ 23.1 billion.