• By Ray Wert
    Nov 10, 2008 10:20 AM 3,640
    read more: #gmbankrupt, #whatabunchofoverpaiddeutschebags, #gm, #generalmotors, #gettypic, #industrynews, #gmgoesbankrupt, #gmbankruptcy, #gmstockprice, #gmstockpricedrops, #gmshareholders, #gmfilesforbankruptcy

    Deutsche Bank Views GM Stock As Worthless, Sets $0 Price Target

    Looks like Deutsche Bank's finally jumping on the whole "GM doesn't have money to pay the rent past December" bandwagon, issuing a price target of $0 on GM stock in light of a likely bankruptcy filing without federal intervention. As a result, GM shares are now down over 27% in morning trading. We're glad to see analysts at huge global financial institutions with millions of dollars in resources are finally on the same page as a car blog with a silly name. [Marketwatch]


    Send an email to Ray Wert, the author of this post, at ray@jalopnik.com.