BUFFET INVEST OVER $100M in GENERAL MOTORS.

Warren Buffett bought nearly 3 million shares of GM (GM) during the second quarter, according to a regulatory filing with the Securities and Exchange Commission. GM shares have tumbled nearly 17% so far this year,  Buffett is known for making long-term investments in companies when shares are priced at a discount.

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GM has staged a major comeback since it was rescued by the federal government during the financial crisis. After emerging from bankruptcy in 2009, GM returned to the public market a year later and Buffett has been invested since at least 2012.

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