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GM "close" to bringing back dividend

Monday, January 13, 2014 - 01:03

Jan. 13 - It would be GM's first dividend since 2008. Separately, GM's CEO-elect Mary Barra unveiled its redesigned midsize pickup, GMC Canyon, at the Detroit Auto Show. Fred Katayama reports.

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Another sign of GM's improved financial health: its CFO said at the Detroit Auto Show that it's "closer than we have been" to bringing back a dividend. The automaker hasn't issued a quarterly payout since 2008 when it distributed 25 cents a share. Also making a reappearance: GM in the midsize pickup segment it had abandoned in 2012. And introducing the vehicle was its CEO-elect, Mary Barra, who'll soon become the first woman to head a global automaker. (SOUNDBITE) MARY BARRA, CEO-ELECT, GENERAL MOTORS, SAYING (ENGLISH): "I'd like to introduce the all-new 2015 GMC Canyon." Canyon is GM's second midsized pickup in its lineup along with the Colorado. GM will take on Toyota, whose Tacoma rules the segment. Fuel-efficient midsize pickups are a small part of the overall market but are expected to be a hot growth area. LMC Automotive predicts midsize sales will outpace full-size pickups in growth, rising by a third by 2016. And it sees Canyon's sales doubling by then.

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GM "close" to bringing back dividend

Monday, January 13, 2014 - 01:03