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BREAKING NEWS

GM 'shares on sales soon'

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GM 'shares on sales soon'

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General Motors is reportedly about to move forward as early as next week with a public offering of shares that could raise 16 billion euros and which would allow the carmaker to start to rebuild consumer confidence.

After filing for bankruptcy protection and being bailed out with taxpayer money, the US government is currently the majority owner of GM.

Next Tuesday GM is due to provide an update on its restructuring.