GM Back Above IPO Price With Buffett to Einhorn Investing
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General Motors Co.’s redesigned full-size pickups are bolstering analysts’ confidence that the automaker’s shares will keep climbing after topping their initial public offering price for the first time in two years.
Optimism about Detroit-based GM is growing as the U.S. Treasury sells down its stake, helping facilitate the stock’s possible return to the Standard & Poor’s 500 Index. GM also plans to introduce about 20 new vehicles in the U.S. this year, including profitable Chevrolet Silverado and GMC Sierra pickups, as it seeks to rebound from an 88-year-low market share in 2012.