CEO: General Motors will soon rejoin S&P 500

The chief executive of General Motors, Dan Akerson, delivered the graduate program commencement address for the Mendoza College of Business.

General Motors is still in the "early innings" of its recovery, but it won't be long before it rejoins the S&P 500 largest companies and gets its bond rating back to investment grade, GM CEO Dan Akerson said Saturday.

Speaking at the commencement for business graduates at Notre Dame, Akerson noted GM's 13 consecutive profitable quarters and progress since its 2009 bankruptcy filing.

In prepared remarks, he said recovery has been built on "pillars are to design, build and sell the world's best vehicles, differentiate and strengthen our brands, maintain a fortress balance sheet and pursue profitable growth around the world."

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