GM stock purchase plans halted by State Street


DETROIT, Nov 25 (Reuters) - General Motors Corp said on Tuesday it could not restart a program that allows employees to buy the company's common stock due to restrictions imposed by State Street Bank and Trust Co, the independent overseer of the plans. GM had planned to reinstate the program which was suspended in September when GM exhausted its authorized shares, but was told by State Street that "it was not appropriate to allow additional investments" by employees in light of GM's ...

Premium Content (PAID Subscription Required)

"GM stock purchase plans halted by State Street" is part of the paid WardsAuto Premium content. You must log in with Premium credentials in order to access this article. Premium paid subscribers also gain access to:

  All of WardsAuto's reliable, in-depth industry reporting and analysis
  Hundreds of downloadable data tables including:
  •   Global sales and production data by country
  •   U.S. model-line inventory data
  •   Engine and equipment installation rates
  •   WardsAuto's North America Plant by Platform forecast
  •   Product Cycle chart
  •   Interrelationships among major OEMs
  •   Medium- and heavy-duty truck volumes
   •  Historical data and much more!

For pricing and subscription information please contact
Lisa Williamson by email: or phone: (248) 799-2642

Current subscribers, please login or CLICK for support information.

Already registered? here.


Follow Us

Sponsored Introduction Continue on to (or wait seconds) ×