Today is an important day for the automobile manufacturers, General Motors Co., which had experienced a huge financial crisis in the recent past. The government bailout plans have helped the company to sustain in the market but today, the share trading of the company will determine the fate of the company’s future. General Motors or GM has started to sell its share for the initial public offering and the GM stock price today, will remain under constant watch of the experts.
According to the latest reports, the morning share trading of Thursday has positive news for the company. It has been reported the price of the GM share has jumped by three dollars in the starting hours and is expected to move further. Share price, which was fixed at, 33 dollars initially, has now risen to 36 dollars, which is a good sign for the company.
The officials of the General Motors have rung the bell and have initiated the largest public share trading in the financial records of the country. So far, the share trading has been in favor of the company. Experts state, it is the goodwill of the company that has increased the demand of the General Motor Co.’s shares.
Mark Reuss, the president of General Motors in North America, in an interview said, the results of today’s share trading is very important for the company. However, the company will have to deliver quality products if they want to regain their old glory. He praised his staffs and said they will have to focus on their work for boosting up their financial condition.
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