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GM’s Annual Meeting Tuesday At Renaissance Center

DETROIT (AP) – General Motors Co. is holding its annual shareholders meeting at the automaker’s headquarters on the Detroit riverfront.

The gathering is Tuesday at the Renaissance Center.

The restructured car company’s stock first went on sale in November 2010 at $33 a share. It closed at $21.92 on Monday, down 13 cents on the day.

Shareholders will ratify GM’s director nominees. The Detroit News says the slate includes two prominent newcomers – ConocoPhillips chief executive James Mulva and ex-Cummins Inc. chief Theodore Solso.

GM earned $1 billion in 2012’s first quarter, or 60 cents per share. Revenues totaled $37.8 billion.

© Copyright 2012 The Associated Press. All Rights Reserved. This material may not be published, broadcast, rewritten or redistributed.

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