Market intelligence, trend analysis and forecasts for the Automotives industry across the regions

Companies / United States

More Uncertainty For GM

October 2006 | Company News Alert
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US carmaker General Motors faces more uncertainty after shareholder Kirk Kerkorian's company Tracinda Corp informed the US Securities and Exchange Commission that it would abandon a plan to acquire a further 12 million shares. Kerkorian already holds a 9.9% stake in GM and the extra shares would have increased the shareholding to almost 12%.