mobile-menu-icon
GM Authority

Warren Buffett’s Investment Firm Purchases 10 Million Shares Of General Motors Stock

Berkshire Hathaway, the investment firm of 81-year-old mega market mogul Warren Buffett, has enough faith in General Motors to pull the buying trigger for 10 million shares of the company’s stock. This purchase equates to $256.6 million, which was enough to make it the automaker’s 20th largest investor. And because it’s Buffett, the stock observed a 4.3 percent jolt upwards. At the time of this writing, GM’s stock rests at $21.91, still very well below the 52-week high of $32.08 per share.

Former staff.

Subscribe to GM Authority

For around-the-clock GM news coverage

We'll send you one email per day with the latest GM news. It's totally free.

Comments

  1. People are buying cars again, now we just need them to start buying houses. 8-(

    Reply
  2. I enjoy the “IT’S THE ROC, HOLLA” pose. What a cool, old, filthy rich dude.

    Reply
    1. … The Rockefellers are part of what order now? Come on it’s not hard.

      Reply
  3. You’re about to get pwned!!! Watch out for the kikoho!!

    Reply

Leave a comment

Cancel