Quote:
Originally Posted by RamJet502
That's a nice bump, but have the fundamentals changed? Is there a business vision in place that will bring profitability in the near future?
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Oil going down $20 a barrel does wonders, it may not necessarily change things for GM itself, but when the lower cost of oil gets to the pumps and people are paying less for gas, they have more money (in theory) for other things which helps the economy overall.
That and the announcement from GM last week which may or may not be enough depending on your view shows to the market that they are making changes to improve the long term financial health of the business.