General Motors

A year after emerging from bankruptcy, <a class="taxInlineTagLink" id="ORCRP006407" title="General Motors Corp." href="/topic/economy-business-finance/manufacturing-engineering/automotive-equipment/general-motors-corp.-ORCRP006407.topic">General Motors</a> is relaunched as a public company in November, raising more than $20 billion in a initial public offering. Of the amount, $11.8 billion goes to the <a class="taxInlineTagLink" id="ORGOV000051" title="U.S. Department of the Treasury" href="/topic/economy-business-finance/economy/u.s.-department-of-the-treasury-ORGOV000051.topic">Treasury Department</a> to help repay money the government handed over to bail out GM.
biz-2010-gm

( Associated Press )

A year after emerging from bankruptcy, General Motors is relaunched as a public company in November, raising more than $20 billion in a initial public offering. Of the amount, $11.8 billion goes to the Treasury Department to help repay money the government handed over to bail out GM.

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