WRAPUP 1-GM, Ford shares dive as investor worries mount

Newswire

By Kevin Krolicki DETROIT, May 23 (Reuters) - Shares of General Motors Corp hit a 26-year low and Ford Motor Co also tumbled on Friday as investors reacted to disclosures from the leading U.S. automakers about the toll from a slumping auto market and from recent strikes against GM and one of its key suppliers. Shares of GM dropped almost 5 percent to their lowest level since 1982 after the No. 1 U.S. automaker detailed the drag on its earnings from just-ended strikes at two of its own ...

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