GM is announcing plans for its long-awaited public offering. The company hopes to raise about $10 billion. Taxpayers took control of GM in a government rescue last year. The company has gone through bankruptcy, shed thousands of jobs and revamped its operations, resulting in higher sales and a return to profitability. The feds plan to sell a large portion of their stake and give up control of the company after the IPO, which could come as soon as Nov. 17.
GM Announcing Plans For Public Offering
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