Investment firm acquires 92M shares of GM

February 14, 2012
Investment firm acquires 92M shares of GM
By BRYCE G. HOFFMAN / The Detroit News
General Motors Co. announced Tuesday that Capital Research Global Investors — one of the world’s largest investment management firms — has acquired more than 5 percent of its shares.

In a filing with the Securities and Exchange Commission Tuesday, GM said the Los Angeles-based firm now owns more than 92 million shares, or 5.8 percent of the company. Corporations are required to alert the SEC whenever one individual or organization’s ownership exceeds 5 percent.

Capital Research Global Investors is part of the Capital Group Companies, a leading mutual fund manager.

GM had no comment on the news.