The brand is also expected to broaden its product portfolio.
That’s $10 million.
The captive finance arm blamed the decline on various one-time charges.
The captive finance arm is becoming increasingly more GM-centric.
The change took place on February 3, 2015.
Both of the billionaires want to be there to catch the runoff from GM’s future windfall.
Barra’s shares alone are worth approximately $3 million at last Friday’s stock closing price.
GM CEO Mary Barra has previously stated currency fluctuations won’t affect their product decisions.
For the first time since 1937, Ford has more hourly factory workers than the larger General Motors.
Wilson spent more more time checking out GM’s design and engineering operations than any other board member, according to Lutz.
GM has a history of working with the two investment banks.
As it turns out, Wilson will receive a percentage of profits made by the four investment funds he represents.
Former Obama Auto Task Force Member Harry Wilson Looking For GM Board Seat, Pushing For $8 Billion Stock Buy-Back
Wilson nominated himself to a seat on GM’s board on behalf of four hedge funds that together own 2.1 percent of the company’s stock.