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.

Comments

More From CBS Detroit

Hump Day Drinks: 8 Cheery Cocktail RecipesNow that you've made it through half the work week, it's time to celebrate!
Daily J

Watch & Listen