1) stock traded to 54-year low ($8.81 per share);
2) suspended dividend - first time since 1922 (Pierre S. Du Pont CEO, chairman)
3) market capitalization - fell to just $4.23 billion (vs. about $162.6 billion for Toyota)
4) planned to raise $15 billion to help cover losses, turn around North American operations - suspended $1 dividend/share annual dividend (improve liquidity by $800 million through 2009, cut health care benefits for white-collar salaried retirees over 65 years old, cut cash bonuses for executives, reduce truck production capacity by 300,000 units, speed up closures of truck, sport utility vehicle factories.
GM's share price: 1948-2008 (source: Bloomberg)
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