The Wall Street Journal reports that when General Motors Co. relists its stock next month, the United States will reduce its ownership stake to 35%.
New projects say that GM could have a stock-market value at $50 billion, which is roughly the same as Ford Motor Company F. However, for the U.S. to break even on its investment, the share price may need to rise more than 60% from its initial level.
Last week, GM decreased its debt to the U.S. government after returning an additional $2.1 billion. Thus far, GM has paid back $9.5 billion.
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Posted In: NewsTrading IdeasAutomobile ManufacturersConsumer DiscretionaryFord Motor CompanyGeneral Motors Co.
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