With GM shares falling to the lowest ever in 57 years, closing at $4.76 and Ford to $2.08 in the New Tork Stock Exchange, both automakers are now under credit watch as industry analyst warned 2009 will be a troubling year for both manufacturers for liquidity. A more shocking fact is that GM's market capitalization is now an amazingly low $3.9 Billion with Ford's at $6 Billion USD, compare that to VW's $127.5 Billion market capitalization, which is the World's 3rd largest manufacturer, you'd be hardpress to find such a drastic difference between the Top 5 manufacturers. Now, with rumors spawning everywhere that Ford and GM might file for bankruptcy (which we felt its unlikely), there are now news of Ford contemplating to sell off their 33.4% stake in Mazda for $ 1 Billion; of which Ford acquired 25% in year 1979 and subsequently upping to 33.4% in year 2006, effectively controlling Mazda. The most exciting news out of this turmoil, is that Mazda is amongst the ones highly interested in buying - well, Mazda.
