General Motors ( GM ) October Sales 11/03/08

Today, 11/03/08, General Motors ( GM ) released their sales number for October. They were ugly! GM sales were down 47.0% vs 38.7% in September. General Motors truck sales were down 52.8% for October. These sales figures are for the United States.

How is GM stock reacting to this news? GM stock is trading at $5.71, pretty much flat after the news, the market has been pricing this in for a week now, they knew it would be ugly!

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