Local

Warren Buffett Buys Into GM In A Big Way

View Comments
Berkshire Hathaway Chairman and CEO Warren Buffett in 2011. (Photo by Mario Tama/Getty Images)

Berkshire Hathaway Chairman and CEO Warren Buffett in 2011. (Photo by Mario Tama/Getty Images)

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.

View Comments
blog comments powered by Disqus