Now Reading:

GM moves towards IPO


GM moves towards IPO


General Motors has taken the first step to paying back the billions it was given in a controversial taxpayer-funded bailout.

The carmaker – which is currently more than 60 percent owned by the US government – is to sell shares on the New York and Toronto stock markets to raise as much as 15.5 billion euros

The initial public offering of shares comes amid a still-weak global market for cars that is vulnerable to a further downturn

GM has so far not said how many shares would be sold or the expected price range.

Every story can be told in many ways: see the perspectives from Euronews journalists in our other language teams.

Next Article