Even after its merger, satellite radio company Sirius XM can’t catch a break: its stock is currently trading at a paltry $0.16. The reason for the low prices is due to the troubles of the auto industry, as many shareholders fear a collapse of GM and other companies is imminent. And considering most of Sirius XM’s sales are tied up in new car sales, its stocks are tumbling too.

But the most shocking bit of information is that since the merger was cleared in July, the stock of the company has gone down 90%, which seems to be the complete outcome both companies were expecting when the launched the merger. [Street Insider]