Activist investor Harry Wilson wants potential shareholders of General Motors to know the automaker is a much different company than it was in the lead-up to the 2009 government-led bankruptcy.
"People look at this and say, 'It's the same old GM.' It's not the same old GM. It's actually a radically different company," he told CNBC Tuesday, a day after striking a deal with the automaker to get more cash returned to investors.
Wilson—who had also served as senior advisor to President Barack Obama's auto task force—said in a "Squawk Box" interview, "This is why the stock trades at a discount to what it's really worth."
General Motors agreed Monday to buy back $5 billion in stock and put forth a new capital allocation plan, which offers investors a more transparent view of GM's cash investment proposals than previously disclosed.
In exchange, Wilson dropped his bid to get a seat on GM's board.