GM CEO buys 50,000 of automaker's shares


DETROIT, March 21 (Reuters) - General Motors Corp. Chief Executive Officer Rick Wagoner on Monday bought 50,000 shares of the automaker, which has been hit on the stock market after its warning last week of weaker-than-expected profits. "This is a personal investment decision for me and it demonstrates my confidence in the long-term prospects for General Motors," Wagoner said in a statement.

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