GM shareholders to vote on Greenlight stock plan, board challenge
Detroit
GREENLIGHT Capital's plan to split up General Motors Co's stock, as well as its challenge to the company's board of directors, will come to a head on Tuesday, as the US carmaker's shareholders cast their votes on the hedge fund's proposals.
Greenlight's proxy contest comes during a major overhaul at GM as chief executive Mary Barra seeks to jolt the company's lagging stock price and sales by slashing costs and refocusing on the most profitable markets.
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Transport & Logistics
Huawei’s smart car tech offers automakers route to China sales
Sri Lanka to hand management of China-built airport to India, Russia companies
Tesla’s plan for affordable cars takes page from Detroit rivals
Toyota is investing US$1.4 billion to build another all-electric SUV in US
Airbus net profit soars 28% in first quarter
AirAsia discloses new listing plans under RM6.8 billion units merger