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06/18/2012 09:51 AM ID: 92156 Permalink   

GM CEO Blames Europe for Stock Slump


At GM´s annual meeting with shareholders, CEO Dan Akerson said that the company´s troubles in Europe are responsible for its weak stock performance.

"I regret the stock has not done well post-IPO. I assure you we´re all dedicated to improving that over the medium to long term," Akerson promised and apolozied to shareholders.

GM´s stock price is trading one-third below its public stock offering price of $33 price in November 2010.

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