GM Investors Unshaken as Recall Cuts $3 Billion in Value

Many institutional investors in General Motors Co. say they’re keeping faith in the stock after the recall crisis wiped out more than $3 billion in shareholders’ value over four weeks.

Chief Executive Officer Mary Barra has apologized for the lives lost in accidents tied to an ignition switch defect and promised an aggressive investigation into why it took so long to do anything even though some at GM knew about the faulty switches as early as 2001.