TheNewsCenter | Parkersburg, West Virginia | News, Weather & Sports

3 GM Executives Sell More Than 200,000 Shares

By: Associated Press
By: Associated Press

New York (AP) -- Three top General Motors Corp. executives have sold more than 200,000 shares of the automaker just days ahead of a government-imposed restructuring deadline.

The three executives sold 203,615 shares on tuesday at prices ranging between $1.09 and $1.25 per share.

Shares of gm have been trading at historic lows in recent months, with investors concerned that it could soon file for bankruptcy.

Shares of GM on Monday rallied 18 cents, or 14.2 percent, to close at $1.45.

The executives who disposed the shares were Vice Chairmen Bob Lutz and Thomas Stephens and group Vice President Maureen Kempston Darkes.

GM faces a May 31 deadline to clear several hurdles in its restructuring or else it will likely seek bankruptcy protection.

(Copyright 2009 by the Associated Press. All rights reserved.)


Comments are posted from viewers like you and do not always reflect the views of this station.
powered by Disqus
TheNewsCenter One Television Plaza Parkersburg, WV. 26101 304-485-4588
Gray Television, Inc. - Copyright © 2002-2014 - Designed by Gray Digital Media - Powered by Clickability 45543917