NPR logo

4 Years Later, General Motors To Return To S&P 500

  • Download
  • <iframe src="https://www.npr.org/player/embed/188566792/188566787" width="100%" height="290" frameborder="0" scrolling="no" title="NPR embedded audio player">
  • Transcript
4 Years Later, General Motors To Return To S&P 500

Business

4 Years Later, General Motors To Return To S&P 500

4 Years Later, General Motors To Return To S&P 500

  • Download
  • <iframe src="https://www.npr.org/player/embed/188566792/188566787" width="100%" height="290" frameborder="0" scrolling="no" title="NPR embedded audio player">
  • Transcript

The Detroit automaker will rejoin both the S&P 100 and 500 indices Thursday after the stock market closes. It replaces H.J. Heinz which will no longer be a publicly traded company.

(SOUNDBITE OF MUSIC)

RENEE MONTAGNE, HOST:

NPR's business news starts with GM's continued revival.

Four years after being kicked out of the Standard & Poor's 500, General Motors returns to the index this week. The Detroit automaker will rejoin both the S&P 100 and 500 indices this Thursday after the stock market closes. GM replaces H.J. Heinz, which will no longer be a publicly traded company.

GM's return is seen as another sign of its financial turnaround since emerging from a 2009 bankruptcy with the help of an almost $50 billion government bailout.

Copyright © 2013 NPR. All rights reserved. Visit our website terms of use and permissions pages at www.npr.org for further information.

NPR transcripts are created on a rush deadline by Verb8tm, Inc., an NPR contractor, and produced using a proprietary transcription process developed with NPR. This text may not be in its final form and may be updated or revised in the future. Accuracy and availability may vary. The authoritative record of NPR’s programming is the audio record.

Comments

 

Please keep your community civil. All comments must follow the NPR.org Community rules and terms of use, and will be moderated prior to posting. NPR reserves the right to use the comments we receive, in whole or in part, and to use the commenter's name and location, in any medium. See also the Terms of Use, Privacy Policy and Community FAQ.