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GM's Board Ratchets Up Pressure on New CEO

This is a discussion on GM's Board Ratchets Up Pressure on New CEO within the Other Cars forums, part of the PriusChat Forums category; GM's Board Ratchets Up Pressure on New CEO - BusinessWeek Notable quote that I hypothetical market cap that I didn't ...

GM's Board Ratchets Up Pressure on New CEO

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08-17-2009, 04:05 AM

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GM's Board Ratchets Up Pressure on New CEO

GM's Board Ratchets Up Pressure on New CEO - BusinessWeek

Notable quote that I hypothetical market cap that I didn't know about before:

Quote:

Since January, the federal government has made $50 billion available to GM, most of which has been converted to a 60% ownership position in the company. For taxpayers to break even, GM will have to eventually issue new stock and the company's value will need to reach $69 billion, more than it has ever been valued.

FWIW, here are some current market caps:
Ford's (F): $25B
Honda (HMC): $117B
Toyota (TM): $134B

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