A look at auto stocks after GM’s layoff news

//A look at auto stocks after GM’s layoff news

A look at auto stocks after GM’s layoff news

Several automotive stocks rose yesterday after General Motor Co.'s news of massive layoffs — though they've fallen off their peaks today. In early-afternoon trading, GM shares were at about $37.10, down about 1.43 percent on the day. The layoff news, in which GM said it would cut about 15 percent of its salaried workforce, caused the stock to rise about 6 percent Monday, to $38.64 from $36.39. Shares of other automakers, including Ford Motor Co., Toyota Motor Corp. and Honda Motor Co. Ltd., rose…

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By | 2018-11-27T19:29:04+00:00 November 27th, 2018|Budget and Tax|

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