General Motors GM Ford F Stock 2/17/09

Today, February 17, 2009, General Motors ( GM ) and Ford ( F ) stocks are both taking a nose dive along with the stock market. Futures are down significantly in pre market trading.

Why are GM, F stocks down along with the stock market? Fears that one of these automakers won't survive are back while gold prices are soaring. It has been reported that General Motors might need multi billion dollars just to survive the rest of the quarter. The fear in the market this morning comes from the statement - When will enough be enough? Can we afford to let one of these automakers go bankrupt? If one goes, some say, they all go down. GM and Chrysler are in for a tough ride but Ford seems to be holding up well.

General Motors ( GM ) & Ford ( F ) pre market stock quotes:

GM - $2.38
F - $1.66

Key News Highlights Today - 2/17/09 - Look for the automakers' plans to be released after 4pm today.

- Time is up for GM, Chrysler to file restructuring plans
- Would a G.M. Bankruptcy Save Taxpayer Money?
- GM may ask for bankruptcy protection or additional financial aid
- China’s Sichuan Auto Said to Be in Talks to Buy GM’s Hummer
- Ford-UAW talks progress; may be basis for GM, Chrysler pacts

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