From AFX News Limited
DETROIT — General Motors shares fell more than 1 percent last Thursday (Dec. 29), touching levels not seen in about 23 years at $18.33. Credit Suisse First Boston estimated the troubled automaker will turn in a December U.S. sales decline in a range of 12 percent -14 percent, representing a steeper fall off than its domestic competitors. Also adding to the pressure, the Wall Street Journal reported that accounting rule changes in 2006 could take a big bite out of the company’s shareholder equity.
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