GM’s outgoing CEO likes to complain about the government’s 61 percent stake in the reborn company, but thanks to all that Washington meddling, GM has gone from losing $88 billion over four years to making a couple of billion in six months.

That’s good enough to raise the possibility that GM’s upcoming initial public offering might be the second-biggest ever.

Let’s hope it doesn’t screw it up this time.

By the way, we know a few homeowners who wouldn’t mind the type of government interference/bailout GM has been made to put up with. — PZS

New York Times:

General Motors filed paperwork on Wednesday to become a public company again and let the federal government begin selling down its stake in the carmaker.

In the filing, G.M. did not disclose the number of shares that it planned to sell or a price range, but the offering has the potential to be the second largest in United States history, after the credit card giant Visa, which raised more than $19 billion in March 2008.

Read more

Your support is crucial...

As we navigate an uncertain 2025, with a new administration questioning press freedoms, the risks are clear: our ability to report freely is under threat.

Your tax-deductible donation enables us to dig deeper, delivering fearless investigative reporting and analysis that exposes the reality behind the headlines — without compromise.

Now is the time to take action. Stand with our courageous journalists. Donate today to protect a free press, uphold democracy and uncover the stories that need to be told.

SUPPORT TRUTHDIG