Profit

GM prepares for $12-16 billion IPO

PUBLISHED ON: August 13, 2010 | Duration: 5 min, 58 sec

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Talking about GM's proposed IPO, Rebecca Lindland, an analyst at IHS Automotive, says GM's IPO signals a new era for the government-backed automaker. GM reported second-quarter net earnings of $1.3 billion, compared with $865 million in the first quarter.
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