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Auto Giant GM Set to Roar Back This Week 11/14/10

http://online.wsj.com/article/SB10001424052748703560504575613082257001688.html?KEYWORDS=healthcare

By Andrew Bary; The Wall Street Journal ~ Nov 14, 2010

 

A highly profitable General Motors is set to go public this week in what is expected to be the largest and hottest initial public offering of 2010.

 

GM, once synonymous with America's industrial ills, has been reborn since it emerged from bankruptcy protection in July 2009. The No. 1 U.S. auto maker earned $2 billion in the third quarter, and it has a great balance sheet with almost $35 billion in cash.

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