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GM Stock Goes Up after Chevrolet Removed from European Market

GM Stock Goes Up after Chevrolet Removed from European Market

The news of General Motors withdrawing the Chevrolet brand from Europe seemed to make investors happy today.

The price of the automaker's stock broke through the 40-dollar per share mark this morning.

The U-S Treasury's announcement earlier this year that it will sell off the remaining shares owned by the government has also helped push the stock up in the fourth quarter.

The cost of removing Chevrolet from Europe is estimated at 700-million to one-billion dollars but it would likely help the company's Opel brand to be more successful.

G-M stock has risen 36-percent so far this year.

 

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