« Oil reaches $142 on view dollar will keep falling | Main | Backseat Driver: Paul Bailey Chrysler-Dodge makes pitch for Speedcraft customers »

GM leads way into downward spiral as auto anxiety soars

The Detroit auto industry appeared to be imploding Thursday, according to USA Today.

Shares of General Motors (GM) stock hadn't traded so cheaply since the 1950s. Ford Motor (F) stock was at a 52-week low. Privately held Chrysler doesn't trade but still felt compelled to deny a rumor that it will file for bankruptcy protection.

Posted by Peter C. T. Elsworth  at 9:53 AM to Auto industry , Chrysler , Ford , GM | Permalink

Comments

Post a comment

Please be civil. Vicious comments, personal attacks and profanity won't be published.

Name:

Email Address:

URL:
Remember Me? YesNo

Comments: (you may use HTML tags for style)