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Auto stocks fell sharply on Thursday amid a broader market selloff and growing concerns about auto sales in the second half of the year.

General Motors Co. hit a new intraday low since going public in November, falling to $23.30. It recently traded at $23.55, down $1.39, or 5.6 percent. GM is down 28 percent over its IPO.

At the current price, taxpayers could lose nearly $15 billion on their $49.5 billion bailout of the Detroit automaker.




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Sell Off Of Auto Stocks Threatens To Cost Taxpayers Even More

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