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.