As the century-old auto maker General Motors negotiated many a road block in the past one year, investors bore the brunt of the financial rage as they became poorer by a staggering more than $10 billion.
General Motors is now worth just a few millions in stock valuation whereas the auto maker boasted of a market capitalisation of nearly $11 billion, exactly a year ago.
The steep slide in share prices in one year has seen investors lose paper wealth to the tune of more than $10 billion. The stock price of 750 cents on May 29 is also the all-time low for the company in more than 70 years.
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