US stake sale of GM to revive image

The sale of the US Treasury’s stake in General Motors and a possible credit rating upgrade of the US automaker this year will help distance the company from the stigma of its 2009 bankruptcy restructuring.

“We lose the stigma of ’Government Motors’,” GM Treasurer James Davlin said on Sunday during a speech at a conference of automotive analysts. “People will be more focused on the things that they should, which is our underlying operations.”

via Business feed http://www.scmp.com/business/companies/article/1127736/us-stake-sale-gm-revive-image