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Will GM be worth more than Ford?

Posted Jun 4th 2009 3:00PM by Connie Madon (RSS feed)
Filed under: Management, Industry, Ford Motor (F), General Motors (GM), Market Matters

Will GM be worth more than Ford? The answer is yes. Based on yesterday's closing bond prices, since May 28 when the government gave an exchange offer of a 10% equity stake and another 15% in stock warrants, GM's $3 billion of 8.375% bonds maturing in 2033 jumped 72% to 12.25 cents on the dollar yesterday. GM's market value will be about $33.1 billion, compared with Ford's $19.9 billion.

Revenue for GM will probably come in at about $120-$140 billion. Last year the numbers were $146 billion for GM and $146 billion for Ford Motor Company (NYSE: F).

Continue reading Will GM be worth more than Ford?

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