General Motors Co.’s CEO expects good demand for GM shares but doesn’t announce date for IPO

GM CEO expects good demand for automaker’s shares

TRAVERSE CITY, Mich. — General Motors CEO Ed Whitacre says he is optimistic there will be good demand for GM’s stock when the company sells shares to the public, but he gave no timetable for the sale.

He says General Motors Co. is working as fast as it can to file paperwork with the government to begin the initial public offering process.