GM Expected to File for IPO Friday
Automaker General Motors will reportedly file for its long-awaited initial public offering on Friday.
DETROIT (
) -- Strong second-quarter results for
General Motors
will apparently be a prelude to an announcement that the automaker will file an IPO registration on Friday.
CNBC
has reported that Friday is the day for the long-awaited filing. GM declined to comment.
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GM will report second quarter earnings before the opening on Thursday. The only question appears to be how good will they be?
The best indicators, for the moment, are some statements last week by CEO Ed Whitacre -- and the results
Ford
(F) - Get Report
posted three weeks ago.
Results will "will be impressive," Whitacre told reporters. And Ford
earned $2.6 billion , its best quarter in six years.
-- Written by Ted Reed in Charlotte, N.C.
