Subscribe Register Login

Tuesday, September 02, 2014, 2:20 a.m.
Top Picks - Mobile App

GM investors unshaken as recall cuts $3 billion in value

By Bloomberg News

This article was published April 7, 2014 at 11:15 a.m.

Many institutional investors in General Motors Co. say they’re keeping faith in the stock after the recall crisis wiped out more than $3 billion in shareholders’ value over four weeks.

Chief Executive Officer Mary Barra has apologized for the lives lost in accidents tied to an ignition switch defect and promised an investigation.

Through Friday, GM shares had slumped 7.6 percent since March 7 as the crisis escalated, the company expanded the recall and the Justice Department opened its probe.

Read tomorrow's Arkansas Democrat-Gazette for full details.

Comment on: GM investors unshaken as recall cuts $3 billion in value

To report abuse or misuse of this area please hit the "Suggest Removal" link in the comment to alert our online managers. Read our Terms of Use policy.

Subscribe Register Login

You must login to make comments.

Displaying 1 - 1 of 1 total comment

AmericasDoomed says... April 7, 2014 at 1:23 p.m.

I would never buy a Government Motors vehicle.

( | suggest removal )

  • page
  • 1
Click here to make a comment

To report abuse or misuse of this area please hit the "Suggest Removal" link in the comment to alert our online managers. Read our Terms of Use policy.

TOP JOBS

  • Network tech

    Network Technician I Full-time position with the Central Ark...
    LITTLE ROCK, AR

  • Materials handler

    USA Images, LLC, a leader in specialty print and mailing se...
    LITTLE ROCK, AR

  • Systems admin.

    University of Arkansas at Little RockSystems Administrator T...
    LITTLE ROCK, AR

  • Police officer

    police officer - Hamburg, Police Department is seeking certi...
    Hamburg, AR

  • Hearing test

    arkansas based company looking to hire a couple or individua...
    GARFIELD, AR

Search 912 jobs >

Top Picks - Mobile App
Arkansas Online