Background: General Motors is taking a big step towards repaying its controversial taxpayer-funded bailout. The auto giant says it plans to hold a landmark stock offering. Full story >>
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For more insight, we cross over to Professor Patrick Chovanec from the Tsinghua University School of Economics and Management in Beijing. Hello, Professor Chovanec.
1. Besides the listing plan, GM also reported profits for two consecutive quarters. Our audience can still remember when the company applied for bankruptcy protection last year. The IPO plan has been called Project Dawn. Can we say now GM has successfully shed off the gloom since the global financial crisis?
2. What does the listing mean for the U.S. auto industry, given we know it took a hard hit from the crisis?
3. For the Obama administration, the listing should have more political significance. What's your observation?