Within the next day or two, General Motors will finalize its plans for an Initial Public Offering. The Detroit automaker's IPO could raise billions of dollars and allow GM to partially repay taxpayers for the bailout it got from Uncle Sam.
General Motors is expected to file final papers for an Initial Public Offering, selling shares to private investors would change Uncle Sam from a majority owner into a minority owner. Scott Tong has more.
The sale of General Motors stock is expected to raise about $10 billion in an initial public offering. This will reduce the U.S. government's majority ownership stake in the automaker to a minority position.
American automaker General Motors is expected to go public next month. This all in an effort to repay its government bailout money. Nancy Marshall Genzer reports.
Japanese car maker Nissan said its recalling more than 2 million vehicles for an ignition switch problem. More than a third of those automobiles were sold in the United States, mostly trucks and SUVs. Hans Greimel has more.