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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.

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

I would never buy a Government Motors vehicle.

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