Timeline: GM’s year, from bankruptcy to IPO

DETROIT (BestGrowthStock) – General Motors Co filed a registration for an initial public offering of stock with U.S. securities regulators on Wednesday, barely a year after the top U.S. automaker emerged from bankruptcy.

Key events since GM’s bankruptcy filing follow.

* June 2009 – General Motors files for a bankruptcy supported by U.S. government funding and plans to shed brands.

* July 2009 – GM emerges from bankruptcy with four core brands and majority owned by the U.S. government.

* July 2009 – U.S. Treasury designates Dan Akerson, David Bonderman, Robert Krebs and Patricia Russo to board.

* September 2009 – GM agrees to sell a 55 percent stake in its European Opel unit to a group led by Magna.

* November 2009 – GM reverses course and decides to keep and restructure its Opel unit in Europe.

* December 2009 – Chairman Ed Whitacre replaces CEO Fritz Henderson in a management shakeup.

* December 2009 – Chris Liddell, Microsoft Corp chief financial officer, hired as next GM CFO.

* February 2010 – Spyker cars shareholders approve deal to acquire Saab from GM.

* April 21 – Whitacre says IPO 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. Deal seen as building block toward IPO.

* August 12 – GM says Whitacre to step down as chairman and CEO, and names board member Dan Akerson, 61, as successor.

* August 18 – GM files for IPO, shares to be listed on New York and Toronto exchanges.

Timeline: GM’s year, from bankruptcy to IPO