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.