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.