Well, I guess it was a good run. GM is expected to file for bankruptcy on Monday June 1, 2009.
Over its history General Motors has made its share of bad products. Some were poorly built, some were badly executed, others suffered from lousy timing. Here is a list of examples. Its quite a memorable timeline.
25 Billion?
According to a filing by General Motors late last month, the company estimated the equity value of its common stock would be about $25 billion once it completed a reorganization.
The last time GM was worth as much as $25 billion was late 2007. Friday’s closing stock price of just 75 cents a share left GM showing a current market value of about 450 million. I still really like their new Camaro and Corvette!



