Warren Buffett Buys Into GM In A Big Way
DETROIT (WWJ) – Warren Buffett believes in General Motors. The billionaire investor’s company, Berkshire Hathaway, is buying ten million GM shares as it continues to tweak its $75 billion portfolio.
The revelation coming in a filing with the Securities and Exchange Commission.
Berkshire Hathaway also boosted its stake in Wal-Mart and DirecTV, while reducing holdings in Kraft Foods, Intel and Proctor and Gamble.