ENP Newswire -
Release date- 10062014 -
'In every market, consumers have more and better automotive choices than ever before,' Barra said. 'And the competition is only going to get tougher. This is a reality. Another reality is that GM is positioned to be stronger, leaner and more responsive than ever before.'
She described 2013 as an historic year, during which the company passed a number of important milestones:
.GM launched award-winning products around the world, including the Chevrolet Silverado, Cadillac CTS and Corvette Stingray
.The company earned net income attributable to common stockholders of
.EBIT-adjusted earnings in
.Standard & Poor's added GM common stock to the S&P 500 Index
.The United States Treasury sold its remaining stake in the company
GM's strong and consistent financial performance paved the way for the company's Board of Directors to declare a common stock dividend in
During the meeting, Barra also outlined steps the company is taking in response to the ignition switch recalls, and she again expressed her deepest sympathies to the victims and their families.
'I know there are no words that can ease their pain and grief,' she said. 'I have and will be guided by two clear principles: to do right thing for those that were harmed and to make sure we accept responsibility for our mistakes and commit to doing everything within our power to prevent this sort of problem from ever happening again.'
Last week, former U.S. Attorney
Barra also briefed stockholders on last week's announcement that independent administrator
In conclusion, Barra told stockholders that she feels very good about GM's near- and long-term potential because of everything being done to make the company stronger and more responsive.
'Today, GM is a very good company,' she said. 'Tomorrow, we can be a truly great company.'
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