GM Can Purr After Tune-Up

The company is expected to be listed on the New York Stock Exchange, under its former GM symbol, in 2010. Most shareholders, particularly the Treasury, have made it clear they do not want to hold the shares for long, so sometime next year investors will be making decisions on their value.

Mullaly Gets It Right at Ford Nardelli a Victim of Economic Forces

Of course, the hint of a promising future is for future shareholders only. Investors in GM shares will almost certainly get nothing, although the shares will continue to trade as unprofitable GM assets are moved to a new company called Motors Liquidation, which will continue to move through a Chapter 11 bankruptcy process.

Surprisingly, those existing shares closed Wednesday at 84 cents, up 25%, despite the company's reminder last week that they are most certainly worthless. Ford shares closed at $5.35, down 3%.