Seeing off the challenge from Greenlight manager David Einhorn does not mean the end of Barra’s challenges. GM shares traded yesyerday at $34.25 (R439.54) a share, about 16 percent lower than when Barra became CEO, despite robust profits and a series of moves to sell or shut down money losing operations.
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Silicon Valley electric vehicle maker Tesla this year surpassed GM’s market value, reflecting investor confidence that, despite heavy losses, Tesla Chief Elon Musk has a better strategy as the auto industry shifts to ride services and electric vehicles. -