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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).

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Will GM be worth more than Ford? originally appeared on BloggingStocks on Thu, 04 Jun 2009 15:00:00 EST. Please see our terms for use of feeds.

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