Warren Buffett's General Motors Bet Is Finally U-Turning
Berkshire Hathaway, which is heavily invested in General Motors, is getting good news from GM, which has seen shares rise 6%t in the last month.
A much-needed u-turn could be signaled in Warren Buffett's portfolio. The head of Berkshire Hathaway, which is heavily invested in General Motors, is getting good news from G-M, which has seen shares rise six percent in the last month. That comes as the automaker is posting millions of sales in China and dominating market share in the United States, as well. After losing more than 20 percent of its value over the course of the year, reversing course for General Motors will be good news for Buffett, but with more than 2.5 million recalls and an extended compensation claim deadline, the jury is out on GM.
