GM's Lowest Shares In More Than 50 Years

Since the 1950's, GM shares hasn't been as low until recently. GM shares fell as much as 33% to $4.65. This plunge is serious! A leading forecaster even warned that the global auto demand could "collapse" in 2009. I don't think it will affect the "whole auto industry" as bad as it will GM. This is sure to cause issues for others, though, as the "whole economy" is still in a ditch.