GM returned to life as a public company Thursday, its share price hitting $35 on the New York Stock Exchange as it launched a stock offering worth potentially $23 billion.
DETROIT — General Motors returned to life as a public company Thursday, launching a stock offering worth potentially $23 billion and ending the government’s role as majority shareholder and closing a remarkable chapter in American corporate history.
GM CEO Dan Akerson and Vice Chairman Steve Girsky launch the trading of GM stock this morning on Wall Street. Photo credit: Reuters
John Paul Strong
John Paul Strong combines his two decades of automotive marketing experience with a team of more than 140 professionals as owner and CEO of Strong Automotive.