How GM Could Become Arrogant Once Again

Rick Newman submits:

Well, well. General Motors (GM) is back.

Barely a year and a half after its epic bankruptcy filing and government bailout, the shrunken automaker has taken a huge step back toward normalcy, with a public offering that begins to dispel the "government motors" stigma. By almost all accounts, GM's stock float has exceeded expectations, raising nearly $23 billion and reducing the U.S. Treasury's stake from 51 percent of the new GM to about 26 percent. It will still take a few years to sell off all the government's shares, but investor enthusiasm toward GM has restored some of the luster that disappeared over a quarter century of decline.

By admin posted about 1 year ago

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