GM Investors Worried
GM had its first annual meeting since they have went public, which had many people smiling. The sales were showing results that the old GM had not seen for years before. However, when compared with the success that other automakers are having, mainly Ford, GM is still not smiling on this occasion. There is also one other point that has people questioning their loyalty to GM, and this is the fact that the shares are trading a bit below what they were when the shares were first offered as a public offering, which has many people on edge.
So why are the prices of shares down? Most people are finding that the price of shares are down due to the high cost of gasoline and more and more people not buying cars right now. This is something that the entire market is feeling, not just GM. Thus, GM is cautioning those that are worried that they should simply hold it out until the market is once again functioning properly. However, there are those that can do nothing but compare GM's success to Ford. And would they be right in thinking that Ford is doing better than GM?
GM has not revealed their plans for the future, but a person close to the company state that they have the same technology that Ford is introducing into the market, and can go head to head with Ford and make it a fair fight. So do those investing in GM have anything to worry about? Not at all, it is still early in the game to say that GM is losing the battle. GM has performed flawlessly over the past few months and they are doing the best that they can do with what they have been given. And all in all, GM has done well for itself, and done more than what people believed that they could.
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