IT IS A BAD MISTAKE TO TAKE GM PUBLIC NOW

GM ISNT READY TO GO PUBLIC:
Gm still needs the support and guidance only the government can give it. Its recent profit although good news was proably an operating profit and not a real one like Fords earned. A lot of Gm's car sales came from dumping cars into the rental car market where it barely breaks even. That isnt a good or healthy sign.
Gm is certainly making better looking cars which is a big plus but it ranks almost dead last in customer satisfaction.
Ed Whitacre certainly a very competent excutive was wise to step down because he proably realized he just didnt have the background needed to lead Gm.
Only someone who grew up in the automobile industry can lead a company like Gm now. The Detroit Times has endorsed the excutive most responsible for Gms success in China Phil Mertaugh. Mertaugh has the skills and background for the job.
When Gms quality troubles have been solved and its profits come not from cutting operating expenses but from blockbuster sales then it will be ready to go public.
And to do that it needs a first rate leader with a deep automobile background like a young Lee Iaccoa