GM not looking for ‘short-term pop’ in stock as it relates to corporate structure: CEO

DETROIT (Reuters) – General Motors Co is not looking for “a short-term pop” as it relates to its corporate structure, the Detroit automaker’s chief executive said on Monday when asked about a spinoff of its electric vehicle assets.

“As I’ve said many times, we will always do what’s in the best interest of our shareholders over the long term, not necessarily for a short-term pop,” Mary Barra said in an appearance at an RBC conference.

(Reporting by Ben Klayman, Editing by Franklin Paul)