GM is now a penny stock, much thanks to the UAW
There you have it folks, GM has traded below 1 dollar PPS. How sad this story has become. UAW is to blame I believe, their shotty workman ship produced shitty cars for years, now it is coming back to haunt them. The UAW doesnt care they just kept demaning more and more benefits, more money more buyouts… Do they not understand you cannot opperate a business if the expenses of the business are higher than the revenue? I doubt they understood this, if they did they probably would all still have job security. rant over.