2006-12-01 14:28:10 · 9 answers · asked by ladiedazz 1 in Cars & Transportation ➔ Car Makes ➔ GMC
No
But in the last week one person has sold off 2% of his personal shares and still owning 7.9% of GM Stock...
Bank of America Corp., has bought a 5 percent stake in General Motors Corp. -- worth more than $800 million -- from billionaire investor Kirk Kerkorian, who dumped his GM shares after failing to spark major strategic changes at the giant automaker.
Last week, Kerkorian sold 14 million GM shares for $33 per share, then sold the rest of his shares this week for $28.75 to $29.25 per share.
Kerkorian Sold alot of his shares earlier this year on the open market..
use Yahoo Search or Google it... for more information
2006-12-01 14:46:46 · answer #1 · answered by Spinner...428 6 · 0⤊ 0⤋
No the largest INDIVIDUAL share holder sold his shares to the other stock holders.
As far as GM going Bankrupt.....Fat Chance...General Motors Automotive divisions only Account for 10 percent of the corporations income.
GM still maintains 15% vehicle sales globally.
Fact
GM Largest producers of Marine Engines globally
GM Largest producers of locomotive engines globally
Direct TV GM owns controling shares
GM defence division currently has Billions of dollars income from defence contracts.
GM is not going anywhere.....They are too diversified.
2006-12-01 16:16:36 · answer #2 · answered by allums1969 2 · 0⤊ 0⤋
Not exactly. It wasn't sold all-in-all but there has been news of various large stockholders selling shares of ownership; remember when someone sells their share, it is because someone else bought that share but this happens every day and it is not totally the same context as your question implies.
Also in the news: GM sold 51% of their ownership in a separate company known as GMAC, a financing corporation.
2006-12-01 14:49:31 · answer #3 · answered by Mere Exposure 5 · 0⤊ 0⤋
The largest stock holder in GM owned about 7% of the stock. He sold off his ownership to other stockholders.
2006-12-01 14:36:21 · answer #4 · answered by jpbofohio 6 · 1⤊ 0⤋
Now: Pontiac Vibe & Toyota Matrix in the previous: Chevy/Geo Prism & Toyota Corolla Chevy Nova (the 80's one) & Toyota Corolla Chevy Cavalier & Toyota Cavalier (not for the U. S. industry)
2016-12-18 06:08:40 · answer #5 · answered by melita 4 · 0⤊ 0⤋
IO am sure they would like to sell, but, who could afford to buy?
It is the largest employer in the world (maybe)
2006-12-01 14:31:39 · answer #6 · answered by T C 6 · 0⤊ 1⤋
no way and they are starting to make money again.
the largest employer is the government by far.
2006-12-01 14:34:20 · answer #7 · answered by jamesd 3 · 0⤊ 2⤋
no but there gonna go bankrupted
2006-12-01 14:41:02 · answer #8 · answered by airforcenone2008 2 · 1⤊ 1⤋
no
2006-12-01 14:31:19 · answer #9 · answered by doug b 6 · 0⤊ 0⤋