Nick Bunkley of The New York Times reports:
New models, including redesigned versions of the Buick Lacrosse sedan and , have been brisk, and G.M. is about a month away from introducing the , a plug-in hybrid car that it says represents the company’s future direction. crossover vehicle, have been well-received by critics and consumers, to the point that G.M. has struggled to keep up with demand. Early sales of a critical new small car, the
G.M.’s public stock offering, expected to occur Nov. 18 and be worth at least $10.6 billion, will allow the federal government to begin recouping the bulk of its $49.5 billion investment in the automaker. The government plans to initially sell about a third of its 61 percent stake in G.M., in the hope that it can divest the remaining portion as the shares’ value increase.
No comment yet from Sen. Richard Shelby of Alabama, who opposed helping the Big Three, saying "This is a dead end. It's a road to nowhere and it's a big burden on the American taxpayer."