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DETROIT (

TheStreet

) --

General Motors

said it wants to set aside 5% of its common stock for workers, retirees and dealers, according to a filing on Thursday.

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The automaker said it will enable members of these groups to purchase shares directly during a planned IPO, as long as they pre-register by October 22.

The IPO is expected next month, although the date has not been formally set. Current shareholders including the U.S. government will be able to sell a portion of their holdings.

-- Written by Ted Reed in Charlotte, N.C.

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Ted Reed