answersLogoWhite

0


Best Answer

Your common stock becomes worthless. The value of your shares is zero dollars.

User Avatar

Wiki User

15y ago
This answer is:
User Avatar

Add your answer:

Earn +20 pts
Q: What happens to your GM stocks if GM filed for bancruptcy?
Write your answer...
Submit
Still have questions?
magnify glass
imp
Continue Learning about Finance

How many jobs is GM going to cut?

General Motors(GM Quote - Cramer on GM - Stock Picks), struggling with decades-low sales, will cut 10,000 salaried jobs worldwide.* More on GM * Stocks Open Mixed Ahead of Stimulus Vote * Dow Watch: An Even Smaller GM * China Sells More Cars Than U.S. in January * Stocks Finish Mixed Ahead of Government News * Navigating the Maze of GPS Devices * GM Vice Chairman Lutz to Retire at End of 2009 * Nissan's $2B Red Line * Today's Outrage: Chevron's Big Oil Find * GM Could Take Back Parts of Delphi: Report * CDS Regulation: Stocks to Avoid * Market Activity * Ford Motor Company| FDOWN* General Motors Corporation| GMDOWNThe automaker said it will reduce salaried workers from 73,000 to 63,000 this year, about 3,400 of those job cuts coming in the U.S. GM also said it will cut the pay of most of its salaried U.S. workers beginning May 1 and continuing at least through the end of the year at which time the pay cuts will be evaluated. The pay of U.S. executive employees will be cut by 10%, while other salaried workers will see cuts of 3 percent to 7 percent, GM said. GM faces a Feb. 17 deadline to present to the government a plan showing it can become viable. The plan is required by the terms of $9.4 billion in low-interest government loans to the wounded automaker, which is seeking another $4 billion from the Treasury Department. GM's auto sales fell 49% in January, while Ford(F Quote - Cramer on F - Stock Picks), saw sales drop 39% and Chryslersaw a 55% decline. General Motors(GM Quote - Cramer on GM - Stock Picks), struggling with decades-low sales, will cut 10,000 salaried jobs worldwide.* More on GM * Stocks Open Mixed Ahead of Stimulus Vote * Dow Watch: An Even Smaller GM * China Sells More Cars Than U.S. in January * Stocks Finish Mixed Ahead of Government News * Navigating the Maze of GPS Devices * GM Vice Chairman Lutz to Retire at End of 2009 * Nissan's $2B Red Line * Today's Outrage: Chevron's Big Oil Find * GM Could Take Back Parts of Delphi: Report * CDS Regulation: Stocks to Avoid * Market Activity * Ford Motor Company| FDOWN* General Motors Corporation| GMDOWNThe automaker said it will reduce salaried workers from 73,000 to 63,000 this year, about 3,400 of those job cuts coming in the U.S. GM also said it will cut the pay of most of its salaried U.S. workers beginning May 1 and continuing at least through the end of the year at which time the pay cuts will be evaluated. The pay of U.S. executive employees will be cut by 10%, while other salaried workers will see cuts of 3 percent to 7 percent, GM said. GM faces a Feb. 17 deadline to present to the government a plan showing it can become viable. The plan is required by the terms of $9.4 billion in low-interest government loans to the wounded automaker, which is seeking another $4 billion from the Treasury Department. GM's auto sales fell 49% in January, while Ford(F Quote - Cramer on F - Stock Picks), saw sales drop 39% and Chryslersaw a 55% decline.


How did GM get involved in credit card financing?

GM got involved in credit card financing in a cobranding arrangement with MasterCard, thus providing automobile and credit card financing to its customers. By 1994, GM had earned $9.4 billion from financing


What is the value of a pound of 20 dollar bills?

US bills weigh approximately 1 gm each. A US pound weighs 453.6 gm so one pound (except for the 0.6 gm!) of them would be worth 453 x 20 = $9060.


What is the Stock symbol for gm preferred shares?

GM preferred stock symbols are: bgm, rgm, gmw, xgm, gms, hgm and gpm. Good luck!


How much would 5 pounds of US 10 dollar bills be worth?

All current US bills weigh 1 gm. A US pound is 453.6 gm so 5 pounds is 5 x 453.6 = 2268 gm. 2,268 $10 bills would be $22,680.

Related questions

I have not traded in stocks. I would like to buy 100 shares of GM. How would I do that.?

With GM problems now is not a good time to buy GM stocks.


What is the simble for General Motors stocks?

GM


Will gm stock bought under the ticker symbol gmgmq be automaticlly be transferred to the new stock symbol after the company comes out of bancruptcy?

The short answer is no. The long answer involves the government-controlled bankruptcy.


What was the ticker symbol for General motors corporation before it filed bankruptcy under chapter 11?

GM


Should you buy stock in General Motors?

Different people have different investment needs, but a diversified stock portfolio should have a few trustworthy big board stocks, and GM would not be a bad choice.


What happens to GM dealers if GM goes bankrupt?

If GM declares bankruptcy and stops making the vehicles sold by a GM dealer, then that dealer will have to find something else to sell or go out of business. Some forms of bankruptcy do not require that the company stop operating, but merely require that they operate under the supervision of a court while they sell off assets and reorganize to better pay off their debts. In that kind of a GM bankruptcy, many GM dealers may continue to have product to sell.


Who is GM in Blackshot?

gm superman gm monster


Does gm own BMW?

NO. GM doesn't even own GM. The Government owns GM.


How many jobs is GM going to cut?

General Motors(GM Quote - Cramer on GM - Stock Picks), struggling with decades-low sales, will cut 10,000 salaried jobs worldwide.* More on GM * Stocks Open Mixed Ahead of Stimulus Vote * Dow Watch: An Even Smaller GM * China Sells More Cars Than U.S. in January * Stocks Finish Mixed Ahead of Government News * Navigating the Maze of GPS Devices * GM Vice Chairman Lutz to Retire at End of 2009 * Nissan's $2B Red Line * Today's Outrage: Chevron's Big Oil Find * GM Could Take Back Parts of Delphi: Report * CDS Regulation: Stocks to Avoid * Market Activity * Ford Motor Company| FDOWN* General Motors Corporation| GMDOWNThe automaker said it will reduce salaried workers from 73,000 to 63,000 this year, about 3,400 of those job cuts coming in the U.S. GM also said it will cut the pay of most of its salaried U.S. workers beginning May 1 and continuing at least through the end of the year at which time the pay cuts will be evaluated. The pay of U.S. executive employees will be cut by 10%, while other salaried workers will see cuts of 3 percent to 7 percent, GM said. GM faces a Feb. 17 deadline to present to the government a plan showing it can become viable. The plan is required by the terms of $9.4 billion in low-interest government loans to the wounded automaker, which is seeking another $4 billion from the Treasury Department. GM's auto sales fell 49% in January, while Ford(F Quote - Cramer on F - Stock Picks), saw sales drop 39% and Chryslersaw a 55% decline. General Motors(GM Quote - Cramer on GM - Stock Picks), struggling with decades-low sales, will cut 10,000 salaried jobs worldwide.* More on GM * Stocks Open Mixed Ahead of Stimulus Vote * Dow Watch: An Even Smaller GM * China Sells More Cars Than U.S. in January * Stocks Finish Mixed Ahead of Government News * Navigating the Maze of GPS Devices * GM Vice Chairman Lutz to Retire at End of 2009 * Nissan's $2B Red Line * Today's Outrage: Chevron's Big Oil Find * GM Could Take Back Parts of Delphi: Report * CDS Regulation: Stocks to Avoid * Market Activity * Ford Motor Company| FDOWN* General Motors Corporation| GMDOWNThe automaker said it will reduce salaried workers from 73,000 to 63,000 this year, about 3,400 of those job cuts coming in the U.S. GM also said it will cut the pay of most of its salaried U.S. workers beginning May 1 and continuing at least through the end of the year at which time the pay cuts will be evaluated. The pay of U.S. executive employees will be cut by 10%, while other salaried workers will see cuts of 3 percent to 7 percent, GM said. GM faces a Feb. 17 deadline to present to the government a plan showing it can become viable. The plan is required by the terms of $9.4 billion in low-interest government loans to the wounded automaker, which is seeking another $4 billion from the Treasury Department. GM's auto sales fell 49% in January, while Ford(F Quote - Cramer on F - Stock Picks), saw sales drop 39% and Chryslersaw a 55% decline.


What happens if you don't have GM food?

Nothing happens if we don't have GMO foods, though not having GMO foods is not very likely now that they are being used commercially and the modified genes are already released into the environment.


What is better a gm flare or a gm apex?

gm flare it has a bigger middle


What is a gm in metric and what is it converted to grams?

what is a gm in metric and what is it when converted from 17gm's to gm's