Bloomberg: General Motors Corp. plummeted as much as 31 percent after a Deutsche Bank AG analyst downgraded the shares and cut the price target to zero.
I’m sure there’s a very good answer to this question, but why should GM continue to exist? It doesn’t seem to sell very good products. If GM went under, maybe the remaining US automakers could survive. Maybe if we had some sort of national health plan, GM and the rest of the US manufacturing sector could be competitive.
But they’d still have to start making products that don’t suck and get more than 20MPG… and offering them to US customers as well as Europeans.