TN Mtn Man
Member
No, General Motors Corporation. The "New GM" is a completely different company. GMC went bankrupt, and a new company spun up, letting GM get out of it's liabilities, and eliminate shareholders as the government took partial ownership and provided billions in funding. As well as backed up the UAW pension fund with taxpayer dollars. While stockholders were left in the cold.Was it private ownership at the time or on a different exchange or something? NYSE data for GM seems to only go back to 2010
That's hard to imagine though, I have a bit of stock picked up from company matching with one that is publicly traded here in Canada and I've been impressed at how well it has done, like 3x my money since leaving them
Ask Matt: Does new GM owe old GM investors?
Can old GM investors get money from the new GM?
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