General Motors Corp., facing a bankruptcy or reorganization that would all but wipe out shareholders, will probably be removed from the Dow Jones industrial average after almost 74 years, said John Prestbo, the editor and executive director of Dow Jones Indexes.
GM will probably report its eighth straight quarterly loss today as it pushes to get the United Auto Workers, US government and bondholders to cut $44 billion in debt.GM dropped 10 percent to $1.66 in New York Stock Exchange composite trading yesterday.