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As GM's Stock Falls Below IPO Price, Risk and Vulnerability Rise
2015-07-15 07:05:10| Auto Dealers - Topix.net
The decline is unlikely to force GM to reconsider merger overtures, but does highlight the automaker's vulnerability. The weakness -- attributable to general market malaise, fears over slower growth in China and uncertainty over the sustainability of near-record U.S. auto sales -- has erased all of the gains GM made earlier this year after activists first pressured the company to return more cash to shareholders.
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Category:Automotive