Goodbye, Government Motors

摘要

New gm is happening fast. General Motors launched its initial public offering in November with a $33/share price. The U.S. Treasury sold 359 million of the 487 million shares issued, which brought in $13.5 billion for the government while reducing its ownership in the company from the post-bankruptcy 60.8 percent to 33. if U.S. auto sales, and GM, can continue to grow even at the current slow rate, the U.S. Treasury should be able to sell the rest of its GM stock and recoup most of the remaining $36 billion. The IPO came 16 months after GM emerged from its U.S. Treasury-coerced Section 363 bankruptcy, which wiped out billions of dollars in debt and stock value of the old GM. If U.S. auto sales, and GM, can continue to grow even at the current slow rate, the U.S.