GM Expected to File for IPO Friday

Automaker General Motors will reportedly file for its long-awaited initial public offering on Friday.
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DETROIT (

TheStreet

) -- 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.

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.