DETROIT Jan 12 General Motors Co's chief
financial officer said on Sunday that the U.S. automaker is
close to reintroducing a common stock dividend, but he declined
to provide any details on timing.
"It's clear to us that investors are anticipating a
dividend," Dan Ammann, who is set to become GM president on
Thursday, said on the sidelines of the North American
International Auto Show in Detroit.
"We're closer than we have been given all the actions that
we have taken, investment grade rating, all of that. When we
have something to announce we'll do it."
GM last paid a dividend on its common stock in May 2008.
Ammann also said he believed the European car market has
bottomed but wasn't sure how fast it would rebound.
He said GM continues to believe it will break even
financially in Europe - where it currently loses money - by
Mary Barra, who will succeed Dan Akerson as GM CEO later
this week, said the automaker would continue to strive to offer
good values to customers after she takes the helm.
Barra, a Detroit-area native and GM "lifer" who started with
the company as an 18-year-old intern in 1980, will be the
automaker's first-ever female chief executive.