General Motors to face their investors

General Motors to face their investors

General Motors Corporation is having a bad time in the market. On one hand, the Japanese auto major are beating it in the American market, on the other hand markets have cut their bonds rating to Junk status. The investors and shareholders of the company have seen all this and they would get a chance to complain at the upcoming annual shareholder meeting in Wilmington, Del.

The shares of the company have also taken a hit as they touch the lowest prices in more than 10 years. The market share of the company has taken a hit with it touching a new low of 25.4%. The losses have topped USD 1 Billion in the first quarter itself. And the once profitable SUV vehicles are no longer selling like hot cakes.

GM has not for a long time unveiled any plans on how they would make it out of this slump and what are their plans for the future. And the shareholders would just love to hear some of that at the meeting scheduled for Tuesday. Another point that would be make some more noise is the new that billionaire investor Kirk Kerkorian would be increasing his stake in this company. However, his offer ends tomorrow itself.

Chairperson of the Center for Automotive Research in Ann Arbor, Michigan, David Cole had this to say about the upcoming meet: “Shareholders are feisty, and they own the company. They’ve got some very tough questions.”