1 Big Automaker's Big Buyout
The following video is from this week's MarketFoolery podcast, in which host Chris Hill, along with Jason Moser, Michael Olsen, and Joe Magyer, discuss the latest business news. General Motors is looking to cut its pension obligation by 20% and is outsourcing the rest to Prudential Financial. While shares of GM initially popped on Friday when the news broke, today shares fell 4%. In this segment, the guys analyze what the deal means for GM's shareholders, as well as how pension obligations are affecting rival Ford.
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At the time this article was published Chris Hillowns no shares of any of the companies mentioned. The Motley Fool owns shares of Ford.Motley Fool newsletter serviceshave recommended buying shares of General Motors and Ford and creating a synthetic long position in Ford. The Motley Fool has adisclosure policy. We Fools don't all hold the same opinions, but we all believe thatconsidering a diverse range of insightsmakes us better investors. Try any of our Foolish newsletter servicesfree for 30 days.