"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 mid-decade.
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.
(Reporting by Benjamin Klayman;
editing by Bernard Orr and Eric Walsh)
[© 2014 Thomson Reuters. All rights
Copyright 2014 Reuters. All rights reserved. This material may not be published,
broadcast, rewritten or redistributed.