GM CEO to reveal multiyear financial strategy: WSJ

By Ramkumar Iyer in Bangalore; Editing by Lisa Shumaker

Sep 30, 2014 11:34 AM EDT

GM CEO to reveal multiyear financial strategy: WSJ — A Buick Excelle car is displayed at a General Motors auto dealership in Shanghai December 4, 2009. General Motors Co will make a major announcement on Friday on its relationship with its Chinese partner after news it was near a deal to sell majority control of its China venture to SAIC Motor Corp.
(Photo : REUTERS/Aly Song (CHINA BUSINESS SOCIETY TRANSPORT))

General Motors Co's (GM.N) Chief Executive Officer Mary Barra will on Wednesday reveal a multiyear financial strategy that aims to boost the company's profits and launch "market leading" vehicles, the Wall Street Journal reported.

In an interview with the Journal, Barra said she would give investors a more specific deadline for her financial targets and would detail how the company would spend its cash and cash assets. (on.wsj.com/1rGlDo4)

The company's stock has fallen nearly 20 percent since Barra was appointed CEO in January.

GM was not available for comment outside normal business hours.

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