GM to release first-quarter results Monday

* GM officials have said the numbers will be ‘solid’

DETROIT, May 13 (BestGrowthStock) – General Motors Co [GM.UL] said
it will release its first-quarter financial results Monday
morning. Company officials have said the numbers will be
“solid.”

GM emerged from a government-sponsored bankruptcy last
July. Chief Executive Ed Whitacre has said he hopes the company
will return to profitability this year and will be able launch
an initial public offering by the end of the year.

A month ago, Whitacre said the first quarter will show
“solid operating results.”

In April, GM reported a $4.3 billion net loss for the
period from its emergence from bankruptcy to the end of 2009.

GM lost $88 billion from 2005 through the first quarter of
2009 and received a $50 billion government bailout that gave
the U.S. Treasury nearly 61 percent ownership of the company.
Canada and the province of Ontario own nearly 12 percent.

The first-quarter results will be released at 8:30 a.m.
Monday, GM said.

Stock Market Analysis
(Reporting by Bernie Woodall; editing by John Wallace)

GM to release first-quarter results Monday