GM Revival
With much abuzz around General Motors return to the stock exchange after their downfall and a gigantic bailout from the U.S. government, the country was watching in late November to see how the first day was going to go.
According to an article found on freep.com, the day couldn’t have gone better for GM. The shares closed at an asking price of $33. Dan Akerson, CEO of General Motors, was present for the whole day. He began with an interview on CNBC, and his day got even better when, “…the Chevrolet Volt extended-range electric car beat out its pure-electric Nissan Leaf rival for Green Car of the Year.”
Though General Motors appears to be very excited to be back in the market, the company is well aware that reaching the success they once had will take some time. During a press conference in Detroit held in mid-November, Akerson said, “Sixteen months ago, we were pretty much flat on our backs. But we picked ourselves up…Now we have to earn the trust of those who placed their financial faith in us.”
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