Key events since GM’s bankruptcy filing
General Motors Co. filed a registration for a public stock offering Wednesday, barely a year after the top U.S. automaker emerged from bankruptcy protection. These are the key events since GM’s bankruptcy filing.
June 2009 — General Motors files for a bankruptcy reorganization supported by U.S. government funding and announces plans to shed brands.
July 2009 — GM emerges from bankruptcy with four core brands and is majority owned by the U.S. government.
July 2009 — The U.S. Treasury designates Dan Akerson, David Bonderman, Robert Krebs and Patricia Russo to GM’s board.
September 2009 — GM agrees to sell a 55% stake in its European Opel unit to a group led by Canadian auto parts maker Magna International.
November 2009 — GM reverses course and decides to keep and restructure its Opel unit in Europe.
December 2009 — GM Chairman Edward E. Whitacre Jr. succeeds Chief Executive Fritz Henderson in a management shake-up.
February 2010 — Shareholders of Dutch automaker Spyker Cars approve a deal to acquire Saab from GM.
April 21 — Whitacre says an initial public offering of stock is “real possibility” by the end of 2010.
May 17 — GM says it has a “good chance” to report its first full-year profit since 2004.
July 22 —- GM announces $3.5-billion deal for AmeriCredit Corp. The deal is seen as a building block toward an IPO.
Aug. 12 — GM says Whitacre will step down as chairman and CEO. It names Akerson, 61, as his successor.
Aug. 18 — GM files for an IPO, with shares to be listed on New York and Toronto exchanges.
Reuters
