When GM returns to the public via selling part of the US and Canadian governments’ stakes, which it filed the paperwork to do, it should bring the day closer whent what is good for America is no longer thoght to depend on what is good for GM.
An initial public offering is being prepared reflects how different a creature the new GM is from its pre-bankruptcy incarnation. It has shed some 50000 jobs, hundreds of dealerships and a number of marques it could only get people to buy via bribing them. Much of the debt that was drowning it has been mopped up into equity.