said it wants to set aside 5% of its common stock for workers, retirees and dealers, according to a filing on Thursday.
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.
>To contact the writer of this article, click here: