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Jul 2, 2008 1:28 pm US/Pacific
GM Shares Close At Lowest Level Since 1954
NEW YORK (AP) ―
Shares of General Motors have closed below $10 for the first time since Dwight Eisenhower was president of the United States.
The shares have ended the day at $9.98, down 15.1 percent, their lowest since Sept. 13, 1954.
Detroit-based General Motors Corp. is suffering from lagging sales and concerns over its cash position.
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