General Motors Co.
chairman and CEO Dan Akerson purchased 25,000 shares of company stock for $508,750, the company said Thursday.
GM spokesman Jim Cain said the purchase of the shares Wednesday at $20.35 on the open market was a personal investment.
Akerson now owns 272,838 shares of GM stock. Akerson has incurred significant paper losses on GM stock. - or about $1.8 million over the 52-week-high.