Shares of General Motors slid 3.8 percent to $18.69 today, the first trading day of 2006. Today, investment research firm Banc of America Securities lowered GM’s target price to $13 from $16. This morning, we reported that New York magazine columnist James Cramer believes GM will file for bankruptcy in the near future. On December 30th, shares of GM hit a 20-year low.
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