FILES) File picture taken January 14, 2014 shows General Motors headquarters in the Renaissance Center in Detroit, Michigan. General Motors on March 9, 2015 pledged to buy back $5 billion in shares in a deal with an activist investor who has agreed to drop his bid to join the automaker's board. GM said it plans to return all excess free-cash flow to shareholders while it maintains an investment-grade balance sheet supported by a target cash balance of $20 billion. The largest US automaker said that its improving business performance helped to pave the way for a new capital allocation plan as part of a deal with an investment group led by Harry Wilson, a restructuring specialist who called for $8 billion in share buybacks. AFP PHOTO/STAN HONDA / FILES
VS Industry’s purchase of Seeing Machines stake raises eyebrows
IS VS Industry Bhd
buying into AIM-listed Seeing Machines Ltd to secure a project from America’s largest automotive company GM Motors?
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