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United States Treasury Department announced on 21 may employ investment bank-la région de (Lazard) as "ashes" GM reset IPO investment consultant, and an assessment of the United States Government holdings of GM 60.8% stake in price. Analysts predict that General Motors need financing 670 million, to ensure that Government aid to the company's investment will not "drakes".

IPO is expected to take place during the year

June 1, 2009, a formal application for bankruptcy of General Motors and announced delisting. Bankruptcy, the company's total assets $ 822.9 billion, total debt is $ 1728.1 billion. In order to avoid collapse caused by the American General Motors automobile and manufacturing sectors of the domino effect, the US Government has injected $ help them through.

Subsequently, General Motors made from inside and outside of massive restructuring: ownership structure, General Motors into the United States Government's national 60.8% share holding company, the Government of Canada and the Ontario Government has "new universal" 11.7% stake, United Auto Workers Union flag next medical VEBA trust fund shares, holders of 17.5% 10% left by the bond holders; brand strategy, the company substantial downsizing, before the end of this year is expected to retain only Chevrolet, Buick, Cadillac GMC and four core brand; overseas strategy, large-scale shift to emerging markets, consolidation in North America and Western Europe resources outside of new and established international operations, headquartered in Shanghai.

The second half of 2009, the United States "to old cars for new car" and other car consumption stimulus policies and emerging economies strong driven automobile consumption, GM sales blowout, and in April 2010 to 18.7 million units sales results back to the United States market monthly sales champion. In the same month, GM announced that the Government has paid $ 67 billion in investment.

Recently, General Motors Corporation announced its first quarter operating income increased by 40% to 315 million, profit 8.65 billion, which is its 2007 first quarter since the profits. The company's Chief Financial Officer (CFO) egirdir immediately announced IPO on the agenda, and expressed early in 2010 complete equity.

"New General" value of geometry

General Motors is worth, what its IPO market capitalisation? this question can help taxpayers calculation United States Government's aid plan for the "no", but also to the General Motors even United States automobile industry a confidence vote. United States, according to analysts last month universal return $ investment to the United States Government, as well as the Treasury said it would sell its holdings of 60.8% of General Motors Corporation, General Motors need first IPO to raise at least 670 billion u.s. dollars in order to allow taxpayers to earn back the capital.

While General Motors bondholders the bet after General allows taxpayers to IPO redemption of principal or even profit. It is reported that GM bond owner after the IPO in General will be converted into shares of bonds, the value of the debt for the next direct binding IPO stock prices. CRT Capital Group Senior Vice President Kirk ・ Gertrude Tadic stated that such bonds now the price is approximately $ 35 cents, computing, General Motors, the ultimate market value should be 660 million.

Gertrude Tadic has been tracking common bond prices, and on Tuesday reaffirmed GM bond's "buy" rating that GM bond's price range will eventually reach 40 cents to 43 cents, this means that, GM's stock market value of 750 million to $ 78. In addition, JP Morgan bond analyst Eric ・ Sergio said, based on General Motors robust performance in the first quarter, he was promoted to General Motors, and valuation of bonds will GM stock market value estimate to $ 900. In addition, the United States National Economic Council director Larry Summers you ・ 20 May said that General Motors trading prospects seemed to become more "light", even if the Ministry of finance does not recover the full input can recover most.

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