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Reuters: GM shares down 30 percent after broker downgrades

Started by chris, November 10, 2008, 04:59:13 PM

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chris

GM shares down 30 percent after broker downgrades
      


(Reuters) - General Motors Corp will likely fall below its minimum cash needs of $11 billion to $14 billion in the first quarter of 2009 if the troubled automaker does not receive additional funding, said an analyst at Barclays Capital, and GM shares fell as much as 31 percent in morning trade.</p><div class="feedflare">
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