> Warren Buffett Blog: GM stock price hurting Warren Buffett

Monday, December 29, 2014

GM stock price hurting Warren Buffett

General Motors Company (GM) stock is down 17% Year To Date. This is mostly due to multiple automobile recalls due to faults with ignition switches and related lawsuit claims.

Warren Buffett has been among the biggest supporters of General Motors, Berkshire Hathaway Inc. Berkshire owns 40 million shares of the automobile company. 

Others that have been hurt by General Motors’ fall include David Tepper’s Appaloosa Management. Appaloosa owned 14.8 million shares of the company at the end of the third quarter. Kyle Bass owns 5.25 million shares of General Motors through his hedge fund Hayman Capital.