US: Chief confirms GM started on IPO process
Author: Graeme Roberts | 6 August 2010
General Motors has started on an initial public offering of shares that could be the largest ever for the US market but hasn't decided on the timing, chief executive Ed Whitacre said. He also confirmed a revamp of the US dealer network, hinted second quarter results would show a profit, and said GM may hire more factory workers and possibly reopen a shuttered plant.
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