General Motors Aims for IPO Next Year
General Motors Aims for IPO Next Year U.S., Canada to Coordinate Efforts to Sell All of Their Controversial Stakes No Later than 2018
General Motors Corp. will file for an initial public offering of shares sometime next year, according to a timetable laid out in a U.S. bankruptcy court on Wednesday.
The auto maker, which entered Chapter 11 court protection on June 1, could emerge from bankruptcy majority owned by the U.S. government as early as this month.
The U.S. will hold an about 60% stake, with the remainder owned by the Canadian government and a union...