If most investors were asked what happened to GM’s (GM) stock price during the third quarter, they would probably say it went up.
Wrong. The shares were actually off slightly. As UAW negotiations moved through the summer and US car sales were weak, Wall Street cut the value of the shares into late August and early September. A positive end to the talks was not enough to get it back to even.
And, then there was the question of how bad sales will be this fall.
Douglas A. McIntyre
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