According to the Government Accountability Office (GAO) and the US Treasury, options to shed the stakes in both GM and Chrysler are currently being analyzed. For now, GAO says, no timetable has been established. Whenever it will be made, however, it is unlikely the state will recover all the money pumped in to save the two automakers.
"Regardless of the option pursued, however, Treasury is unlikely to recover the entirety of its investment in Chrysler or GM, given that the companies' values would have to grow substantially above what they have been in the past," GAO said according to just-auto.com
There are some, however, who believe an IPO is possible, but surely not at this time.
"It's the dumbest thing in the world to be talking about an IPO right now," Jerry York, former GM exec was quoted as saying by Reuters. "It's time hopefully will come and when the time is here we'll all know it."
When American carmaker GM added the numbers, 90 days after exiting bankruptcy, in early October, it promised to "focus on its customers, cars and culture," improve cash flow and EBIT and have an IPO ready as soon as possible.
"They've done a lot of the right things and we'll all know in another six to nine months whether they need to do more structurally," York concluded.