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Why General Motors Stock Is Down Today

TheMotleyFool

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Shares of General Motors (NYSE: GM) were trading lower on Monday amid a broad sell-off driven by fears that the deeply indebted Chinese property developer China Evergrande Group (OTC: EGRNF) could collapse and trigger a broad crisis.

As of 12:30 p.m. EDT today, GM's share price was down about 5.4% from Friday's close.

Evergrande was once China's most prolific property developer. But right now it's known more for its debt: roughly $300 billion, enough to make it China's most indebted company.

Source Fool.com

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