Dan Akerson, the boss of General Motors, will be spending plenty of time on the road over the next few days, hoping to persuade sceptical investors to cough up $13 billion in the carmaker's initial public offering (ipo), expected later in the month. They have plenty of reason to be cautious, considering the hammering that share- and bondholders took during the firm's two-month dash through the bankruptcy courts last year. Nevertheless, Mr Akerson, a former te-lecoms boss, believes he has some strong selling-points. Having run up huge losses during some of the best times America's auto industry ever had, gm is now showing solid profits in the midst of some of the industry's worst years.
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