AirTalk for August 19, 2010

Time to buy a new, old company? General Motors IPO

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Bill Pugliano/Getty Images

A GM logo is seen at a General Motors used car dealership at the Troy Motor Mall August 17, 2010 in Troy, Michigan.

About this time last year, General Motors was fighting for its life in bankruptcy court. Now the automaker is scratching its way back to solvency, laying the groundwork to sell stock to the public again with the goal of ridding itself of government ownership. The company's outgoing CEO, Ed Whitacre, said government ownership hurts GM's public image. But can GM succeed in buying back the government’s $43.3 billion stake? And can the development of the Volt and other cars transform it back into a profitable company?

Guests:

David Welch, Detroit staff writer for Bloomberg BusinessWeek

James Bell, Executive Market Analyst for Kelley Blue Book, and President of the Motor Press Guild


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