Despite major internal changes in GM Europe, despite Joel Ewanick’s ugly ousting, and despite a mild product rollout, General Motors saw its stock rise 15 percent from July through the end of September 2012, climbing $3.05, from $19.70 on July 2 to $22.75 when the market closed on Friday September 28. The price closed at a gainful $23.09 today.
Meanwhile, Toyota, Honda, and Nissan each lost ground during the same time frame. Toyota’s shares dropped 2.5%, Nissan down 9%, and Honda tumbling 11%.
On the same token, while it’s pleasant to see the climb in the company’s stock price, it’s still another $20 or so from the $53 the U.S. Government would to break even for whenever it decides to sell its remaining stake.